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Taran is 42 years old and received a $19,950 distribution from his Roth IRA. Established...

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Accounting

Taran is 42 years old and received a $19,950 distribution from his Roth IRA. Established in 2011. At the time of the distribution., the Roth IRA account totaled $33,748: $17,500 regular contributions, $11,000 taxable conversion contributions made in 2016, and $5,248 earnings. How much of his distribution is taxable and subject to the early distribution penalty?

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