Which of the following statements is true concerning traditional and R

Which of the following statements is true concerning traditional and Roth IRAs?

A) The investment income portion of Roth IRA distributions must be reported as taxable income.
B) Roth IRA contributions are tax deductible.
C) There are minimum distribution requirements for traditional IRAs.
D) There are no limits on the tax deductibility of traditional IRA contributions once the account owner has reached age 50.

 

 

ANSWER

Answer: C

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