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Retirement tax questions
According to IRS Publication 558, early distributions are taxable at 10% unless certain exceptions apply. The exceptions don't seem to apply to your situation, and whether the IRS will allow you to make multiple distributions is not mentioned in their language. Therefore it would be considered a be a legal issue and it would be best to consult with a tax attorney or other specialist, since legal issues are out of Scope.
March 10, 2021
8:51 AM