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Can I withdraw from an IRA in 2018 (penalty free) for a higher education tuition paid in 2017?

 
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dmertz
Level 15

Can I withdraw from an IRA in 2018 (penalty free) for a higher education tuition paid in 2017?

Only higher-education expenses paid in 2018 can be used as an exception to the early-distribution penalty on an IRA distribution made in 2018.  Higher-education expenses paid in 2017 are not relevant to a 2018 IRA distribution.

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dmertz
Level 15

Can I withdraw from an IRA in 2018 (penalty free) for a higher education tuition paid in 2017?

Only higher-education expenses paid in 2018 can be used as an exception to the early-distribution penalty on an IRA distribution made in 2018.  Higher-education expenses paid in 2017 are not relevant to a 2018 IRA distribution.

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