@DMarkM1 is giving good advice, only the wife’s 50% portion of the earnings would be subject to the early withdrawal penalty. I suggest having the company to issue a 1099R to each joint owner on a pro-rated basis. This would result in the wife’s 50% of the earnings being subject to the early withdrawal penalty.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
