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$5000
TT is trying to determine if the part above $5000 (the earnings ) is taxable.
If you are over 59.5, then there is not going to be any tax in any event
if you are under 59.5, the portion over $5,000 is taxable and subject to a 10% penalty.
this assumes no Roth conversions occurred.
$5000
TT is trying to determine if the part above $5000 (the earnings ) is taxable.
If you are over 59.5, then there is not going to be any tax in any event
if you are under 59.5, the portion over $5,000 is taxable and subject to a 10% penalty.
this assumes no Roth conversions occurred.
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