In a ROTH IRA or 401(k): O A. Contributions are NOT tax deductible in the year they are made B. Withdrawals are tax free as long as they are held for at least 5 years and you are at least 591/2 years old OC. Neither A nor B O D. Both A & B
In a ROTH IRA or 401(k): O A. Contributions are NOT tax deductible in the year they are made B. Withdrawals are tax free as long as they are held for at least 5 years and you are at least 591/2 years old OC. Neither A nor B O D. Both A & B
Chapter9: Deduct Ions: Employee And Self-employed - Related Expenses
Section: Chapter Questions
Problem 11DQ
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![In a ROTH IRA or 401 (k):
O A. Contributions are NOT tax deductible in the year they are made
B. Withdrawals are tax free as long as they are held for at least 5 years and you are at least 591/2 years old
C. Neither A nor B
D. Both A & B](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F656705aa-0dc5-422b-9d0b-38208a4fe35d%2F8a74cea9-8b1e-4450-8600-c6ec9e615607%2F3d6kp4_processed.png&w=3840&q=75)
Transcribed Image Text:In a ROTH IRA or 401 (k):
O A. Contributions are NOT tax deductible in the year they are made
B. Withdrawals are tax free as long as they are held for at least 5 years and you are at least 591/2 years old
C. Neither A nor B
D. Both A & B
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