Federal Tax Research 10th Edition by Roby Sawyers,William Raabe,Gerald Whittenburg,Steven Gill

Exercise 43

Zhang lived in Atlanta from 2008 through 2010 to carry out her duties as an employee of YourTV.com, receiving an annual salary of $150,000. She was transferred to the San Jose office for 2011 through 2013, and then in 2014 she took an executive position with the Web2.2 LLC in Austin. Zhang owned a home in Atlanta, but she rented an apartment in San Jose. When she withdraws money from her IRA to submit a down payment on her Austin condominium, is a 10 percent penalty due