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Mrs. ?Domino made deductible contributions to traditional individual retirement accounts for several years. Mrs. ?Domino...

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Accounting

Mrs. ?Domino made deductible contributions to traditional individual retirement accounts for several years. Mrs. ?Domino decides to withdraw $10,000 ?from one of her accounts in 2024. ?Mrs. ?Domino is 61 ?years old. How does this transaction affect Mrs. ?Domino's tax return for 2024?
Mrs. ?Domino does not have to report anything because she is older than 59 1/2 ?years.
Mrs. ?Domino must report all of the distribution received but can elect to use the 10year option.
Mrs. ?Domino must report the entire amount of $10,000.
Mrs. ?Domino does not have to report any amount because this was not withdrawn from a Roth IRA.
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