- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Are you referring to an early withdrawal from an IRA? If so, your daughter's rehab expenses may qualify as an exemption from the early withdrawal penalty. Your daughter must be a dependent of yours, and the amount of the withdrawal should be only in the amount needed to meet this immediate financial need. To be sure, I'd recommend speaking with your human resources specialist.
I'm linking you to an IRS webpage that will explain in more detail.
*Please click the thumbs-up icon if this response was helpful.
**Please click "Mark As Best Answer" if your question has been resolved. Thank you.
*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
‎September 26, 2019
3:34 PM