Early withdrawal 11.9k from roth ira, 10k from trad ira. 10k went to house, 3k to college. Do I enter 3k for "Did you use your IRA for any of these expenses, Higher edu"?

reidintransit · ‎June 6, 2019

MargaretL · ‎June 6, 2019

Yes, please enter 3K as amount used for higher education; it will reduce potential additional 10% penalty on the early withdrawal.

Retirement tax questions