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juwood03
New Member

Hi i took out X amount from an IRA and 10% was withheld. I used Y amount for education expenses. Is it possible to recover the 10% on the Y amount?

 
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Coleen3
Intuit Alumni

Hi i took out X amount from an IRA and 10% was withheld. I used Y amount for education expenses. Is it possible to recover the 10% on the Y amount?

Yes. There is an exception for funds taken from an IRA distribution to pay for post-secondary education. Be sure the IRA box is checked in the program. Please see the screenshot below.

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1 Reply
Coleen3
Intuit Alumni

Hi i took out X amount from an IRA and 10% was withheld. I used Y amount for education expenses. Is it possible to recover the 10% on the Y amount?

Yes. There is an exception for funds taken from an IRA distribution to pay for post-secondary education. Be sure the IRA box is checked in the program. Please see the screenshot below.

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