****** Scenario 6: Qualified Reservist Distribution John, age 50,...
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Scenario : Qualified Reservist Distribution John, age is a military reservist called to active duty. He takes a $ distribution from his Traditional IRA. Wages: $ Interest and Dividend income: $ Itemized Deductions: $ Allowable deduction for selfemployment tax: None Calculate: The portion of the distribution subject to the early withdrawal penalty. AGI, Taxable Income, and Total Tax Liability
Scenario : Qualified Reservist Distribution
John, age is a military reservist called to active duty. He takes a $ distribution from his Traditional IRA.
Wages: $
Interest and Dividend income: $
Itemized Deductions: $
Allowable deduction for selfemployment tax: None
Calculate:
The portion of the distribution subject to the early withdrawal penalty.
AGI, Taxable Income, and Total Tax Liability
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