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After tax -tradional ira contribution earlywithdrawal

 
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1 Reply
AnnetteB6
Employee Tax Expert

After tax -tradional ira contribution earlywithdrawal

If there were ever any pre-tax contributions made to the IRA, then at least a portion of the distribution will be taxable.  You cannot designate a distribution from only after-tax money in a Traditional IRA.  Also, an early withdrawal from a Traditional IRA will be subject to the 10% early distribution penalty unless an exception applies. 

 

 

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