I cashed out my Teachers Retirement Fund in 2019 to pay of medical debt. I want to be sure this is ok. It was over 7.5% of my AGI for 2018. Or is it AGI 2019?

 
LindaB1993
Expert Alumni

Retirement tax questions

The AGI for 2019 is applicable to the distribution.  You should qualify for the waiver of 10% early withdrawal penalty based on the excess over the 7.5% AGI for 2019.  

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