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April 13, 2025
Question

IRA distribution taxable amount

  • April 13, 2025
  • 1 reply
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Is the full amount of my ira distribution taxable? It is a qualified ira and I am 67 years old. 

    1 reply

    April 13, 2025

    If it is a traditional IRA, the proportional of nondeductible contributions are tax free.  If it is a Roth IRA qualified distributions are tax-free.