Which of the following distributions from a Roth IRA would be qualified and, therefore, NOT taxable, assuming the account was established at least 5 years ago?

A) A distribution made before age 55½
B) A distribution of $10,000 used to buy a first house
C) A distribution made before age 59½, provided the recipient is retired
D) A distribution used to purchase a vacation home

Ans: B) A distribution of $10,000 used to buy a first house

Business

You might also like to view...

A tax ____________ is an amount subtracted directly from the amount of taxes owed.

A) credit B) exemption C) deduction D) exclusion E) shelter

View
Business

Explain the difference in the two main measures of risk: the standard deviation and the beta

What will be an ideal response?

View
Business