384727
You'll need to sign in or create an account to connect with an expert.
All withdrawals from an IRA or taxable as ordinary income as of the date that you actually receive the money. All withdrawals made before the age of 59 1/2 are subject to an additional 10% penalty unless you qualify for a penalty exception. One of the exceptions is in medical expenses but only when they are more than 10% of your adjusted gross income.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
jlfarley13
New Member
SB2013
Level 2
Idealsol
New Member
user17550205713
Returning Member
xiaochong2dai
Level 3