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Retirement tax questions
Yes, a possible eviction qualifies for the hardship withdrawal. The IRS says" the distribution shouldn't be more than the amount of money needed right away. This includes the money needed to pay any taxes that come from the distribution." Thus if Line W of the worksheet is limiting the entry to $1,000, then enter that amount. .
Retirement topics - Hardship distributions
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March 7, 2025
7:52 AM