Aurora Martinez (31) is filing as a single taxpayer. Aurora was the beneficiary of one of her great-grandmother's traditional IRAs. She passed away during the year, and Aurora took a $3,000 total distribution from the account. She then used the money to pay down her credit card debt. Aurora did not qualify for any COVID-19 or other exceptions for IRA distributions. As far as she knows, all of her great-grandmother's contributions to the account were deductible. Aurora's only other income during the year was $58,000 in wages. She will claim the standard deduction. Aurora received the following Form 1099-R reporting the IRA distribution. The form shows a code "4" in box 7, indicating that the distribution is due to death. When Aurora files her 2021 return, how much of the distribution must she include in her total income?

Question

30-11-2022
Law

Answered

Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Aurora Martinez (31) is filing as a single taxpayer. Aurora was the beneficiary of one of her great-grandmother's traditional IRAs. She passed away during the year, and Aurora took a $3,000 total distribution from the account. She then used the money to pay down her credit card debt. Aurora did not qualify for any COVID-19 or other exceptions for IRA distributions. As far as she knows, all of her great-grandmother's contributions to the account were deductible. Aurora's only other income during the year was $58,000 in wages. She will claim the standard deduction. Aurora received the following Form 1099-R reporting the IRA distribution. The form shows a code "4" in box 7, indicating that the distribution is due to death. When Aurora files her 2021 return, how much of the distribution must she include in her total income?

Sagot :

Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.

How carbon 12 are almost equal to those of the natural mix of oxygen?

A piece of timber has a cross-sectional Area A squared units perpendicular to its length and distance d units from its end as shown below. (d; A): (0;2.8),(2;4.

Question:4True/FalseIf you speak of a right-wing party, you are speaking of a group which holds liberal views.Select-

identify one acute angle and one obtuse angle in the figure at the right one acute ngle and one obtuse angle in the figure at the right

Một dự án trồng cây lâm nghiệp nhận giống cây trồng từ 3 cơ sở sản suất giống cây trồng. Trung bình cơ sở 1 cung cấp 35%, cơ sở 2 cung cấp 40%, cơ sở 3 cung cấp

patient emails us after receiving their walker stating, “I can’t use this, I think it’s missing a piece”. Please provide a response that will be emailed back to

Solve this 83% of 408

Rohan has quarters and nickels that altogether have a value of $1.95. The number of nickels is three more than the number of quarters. How many nickels and how

40% of the students in a class are able to ride a roller coaster. If 20 students ride aroller coaster, how many students are there in total?01020304050607080901

in a certain orchard, the number of apples (a) in a tree is normally distributed with a mean of 300 apples and a standard deviation of 30 apples. find the proba

Sagot :

Other Questions