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New Member
posted Feb 11, 2020 9:45:17 AM

The SECURE Act says new parents can withdraw up to $5K from a retirement account to pay for adoption expenses & avoid the 10% penalty. Where do I note this on TT?

It's not listed as one of the expenses paid for on the "Did you use your IRA to pay for any of these expenses?" page - do I list this under medical or "other" or...?

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1 Replies
Expert Alumni
Feb 11, 2020 10:00:23 AM

This did not go into effect until January 1, 2020.  This option will be available when you file your 2020 taxes in 2021.