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Level 1
posted Feb 15, 2020 1:11:40 PM

1099R question

I am younger than 59 1/2 and took money from my 401K to pay on my dependent's college tuition.  How can I not pay the penalty for an early withdraw?

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1 Replies
Expert Alumni
Feb 15, 2020 1:38:28 PM

Unfortunately, the penalty exception for higher education tuition only applies to IRAs not 401ks.