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bflorenc
New Member

I am disabled. Took $ from a Roth IRA. I'm Not 59 1/2 yet. Should I not have to pay a penalty?

 
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KatrinaB
Intuit Alumni

I am disabled. Took $ from a Roth IRA. I'm Not 59 1/2 yet. Should I not have to pay a penalty?

Being totally and permanently disabled is one of the exceptions to the 10% penalty. Turbotax will ask you questions during the interview so that you can claim the exception.

Please view the IRS link below for more information.

https://www.irs.gov/taxtopics/tc557

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1 Reply
KatrinaB
Intuit Alumni

I am disabled. Took $ from a Roth IRA. I'm Not 59 1/2 yet. Should I not have to pay a penalty?

Being totally and permanently disabled is one of the exceptions to the 10% penalty. Turbotax will ask you questions during the interview so that you can claim the exception.

Please view the IRS link below for more information.

https://www.irs.gov/taxtopics/tc557

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