Can I make a hardship withdrawal from a 401k for college tuition expenses as the non-custodial parent, in a year in which I cannot claim my son as a dependent?
01541
1 Replies
IreneS
Intuit Alumni
Jun 1, 2019 1:18:09 PM
No - You can make the withdrawal, but if you are below age 59-1/2 you will be subject to a 10% withdrawal penalty. The exception for higher education applies only to IRAs