Which of the following statements regarding Roth IRAs distributions is true?
A)A distribution is not a qualifying distribution unless the distribution is at least two years after the taxpayer has opened the Roth IRA.
B)A taxpayer receiving a distribution from a Roth IRA before reaching the age of 55 is generally not subject to an early distribution penalty.
C)A Roth IRA does not have minimum distribution requirements.
D)The full amount of all nonqualifying distributions is subject to tax at the taxpayer's marginal tax rate.A Roth IRA does not have minimum distribution requirements.A nonqualifying distribution is not subject to tax to the extent it is from the taxpayer's contributions to the account.

Question

Quizplus · Accepted Answer

A Roth IRA does not have minimum distribution requirements, unlike traditional IRAs. This means that the owner is not required to take distributions at any age, even after reaching age 72 (the age at which required minimum distributions begin for traditional IRAs). However, if the owner passes away, their beneficiaries may be required to take distributions from the account.

Which of the Following Statements Regarding Roth IRAs Distributions Is