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Level 1

If I take a distribution from my retirement account to pay the IRS, is it taxable like every other distribution or is there an exception?

I am retired from a municipal Fire Department and fall under the 50 year old rule regarding distributions.

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Level 1

If I take a distribution from my retirement account to pay the IRS, is it taxable like every other distribution or is there an exception?

There is no exception for using a withdrawal for paying income tax.

View solution in original post

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Level 1

If I take a distribution from my retirement account to pay the IRS, is it taxable like every other distribution or is there an exception?

There is no exception for using a withdrawal for paying income tax.

View solution in original post