Can I withdraw from my traditional IRA (my age is over 60), pay 0% tax now (use the money to pay off my HELOC) and pay the 20% tax (take money from my HELOC) before the end of the year (let’s say December 15)? Am I breaking any tax rule?
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What you are planning violates no tax rule.
One question. Is the HELOC interest rate less than the 20% tax on the IRA withdrawal? If so, why are you doing it.
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