If I paid for my daughter’s entire college tuition from an IRA, will I still be eligible for tax credits?
Yes you would still be eligible for education tax credits. You must still pay taxes on the IRA withdrawal even if you were able to avoid the 10% early withdrawal penalty.
If I paid for my daughter’s entire college tuition from an IRA, will I still be eligible for tax credits?
Yes you would still be eligible for education tax credits. You must still pay taxes on the IRA withdrawal even if you were able to avoid the 10% early withdrawal penalty.
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