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Retirement tax questions
Thank you for the response! I had a followup question...my Fidelity plan lists IRS code M which is "Qualified plan loan offset". Are there any cases where my payoff of my loan with a withdrawal from the same account would qualify as an offset and therefore not trigger the 10% penalty? I was laid off in 2023 and did this transaction in 2024.
‎February 18, 2025
10:47 AM