Jessica retired at age 65. On the date of her retirement, the balance in her...
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Accounting
Jessica retired at age 65. On the date of her retirement, the balance in her traditional IRA was $211,000. Over the years, Jessica had made $21,100 of nondeductible contributions and $65,500 of deductible contributions to the account. If Jessica receives a $61,000 distribution from the IRA on the date of retirement, what amount of the distribution is taxable?
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