In a ROTH IRA or 401(k): O A. Contributions are NOT tax deductible in the year they are made B. Withdrawals are tax free as long as they are held for at least 5 years and you are at least 591/2 years old OC. Neither A nor B O D. Both A & B

In a ROTH IRA or 401(k): O A. Contributions are NOT tax deductible in the year they are made B. Withdrawals are tax free as long as they are held for at least 5 years and you are at least 591/2 years old OC. Neither A nor B O D. Both A & B

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter9: Deductions: Employee And Self-employed-related Expenses

Section: Chapter Questions

Problem 11DQ

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Question

In a ROTH IRA or 401 (k):
O A. Contributions are NOT tax deductible in the year they are made
B. Withdrawals are tax free as long as they are held for at least 5 years and you are at least 591/2 years old
C. Neither A nor B
D. Both A & B

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