Solved: Early distribution from IRA - does paying student loans qualify as "higher education"?
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

Early distribution from IRA - does paying student loans qualify as "higher education"?

I had an early distribution from an IRA.  On the page where they ask about ways to reduce your tax, higher education is an option. My question is does using this money to pay student loans from higher education qualify?
1 Best answer

Accepted Solutions
Level 15

Early distribution from IRA - does paying student loans qualify as "higher education"?

No, the amount paid to student loans is not a qualified higher education expense for the purpose of the early-distribution penalty exception.

View solution in original post

1 Reply
Level 15

Early distribution from IRA - does paying student loans qualify as "higher education"?

No, the amount paid to student loans is not a qualified higher education expense for the purpose of the early-distribution penalty exception.

View solution in original post

Dynamic Ads
v
Privacy Settings