A qualified distribution from a Roth IRA must meet which of the following requirements? I. The distribution must be made on or after the taxpayer reaches age 59/2. II. The distribution is for qualified education expenses. III. The taxpayer must begin distributions after reaching age 70'/2. Oa. Only statements I and II are correct. Ob. Only statement I is correct. Oc. Only statements II and III are correct. Od. Only statement III is correct. Oe. Only statement II is correct.

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter10: Deduct Ions And Losses: Certain Itemized Deduct Ions
Section: Chapter Questions
Problem 6BCRQ
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A qualified distribution from a Roth IRA must meet which of the following requirements?
I.
The distribution must be made on or after the taxpayer reaches age 59/2.
II.
The distribution is for qualified education expenses.
III. The taxpayer must begin distributions after reaching age 70/2.
Oa. Only statements I and II are correct.
Ob. Only statement I is correct.
Oc. Only statements II and III are correct.
Od. Only statement III is correct.
Oe. Only statement II is correct.
Transcribed Image Text:A qualified distribution from a Roth IRA must meet which of the following requirements? I. The distribution must be made on or after the taxpayer reaches age 59/2. II. The distribution is for qualified education expenses. III. The taxpayer must begin distributions after reaching age 70/2. Oa. Only statements I and II are correct. Ob. Only statement I is correct. Oc. Only statements II and III are correct. Od. Only statement III is correct. Oe. Only statement II is correct.
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