Have sole prop started last half of '15. In '16 I took early withdrawal from IRA to purchase equip to get my biz going. Can this lower my penalty?

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Have sole prop started last half of '15. In '16 I took early withdrawal from IRA to purchase equip to get my biz going. Can this lower my penalty?

Using the money to fund a business is not an exception to the early-distribution penalty.

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-tax-on-early-distri...

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