JonP1969
New Member

Simple IRA withdrawal for higher education

I took an early withdrawal from a Simple IRA and entered 100% Higher Education.  Turbo Tax is telling me I still have to pay the 10% penalty....  However, according my my research... Both traditional and Roth IRAs allow you to withdraw money for qualified higher education expenses before age 59.5 without incurring the 10 percent early withdrawal penalty