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Get your taxes done using TurboTax
Thank you for the clarification. If you withdraw before 59 1/2 the penalty and tax still apply. If you rollover this is not a taxable event at the time of rollover and it is not taxable until you actually withdraw funds. Upon withdrawal, taxes will be due and whether a tax penalty applies or not will depend on your age at the time.
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‎September 28, 2022
1:43 PM
1,085 Views