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Retirement tax questions
No. Using the money to pay taxes is NOT an acceptable "other reason" for an exception the early-distribution penalty.
The only permissible "other reason" as an exception to the early-distribution penalty on a distribution from an IRA is if the Form 1099-R has code 1, code J or code S but the distribution was actually made after you had reached age 59½.
June 1, 2019
9:57 AM