I withdrew some money from my retirement account because I left the US, and use the money to cover the moving expenses. Does this qualify as the reason in "Other Reason" option on the page entitled "These Situations May Lower Your Tax Bill"?
You'll need to sign in or create an account to connect with an expert.
Paying moving expenses is not an exception to the early-distribution penalty. Do not enter it under "Other Reason."
@dmertz Does that mean there is another way/place to enter it?
Unless you have one of the listed exceptions or one of the exceptions listed in the Learn More for Other Reasons, you are subject to the 10% early-distribution penalty. You have not mentioned any such exceptions.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
alec-ditonto
New Member
adamsfam1121
New Member
atn888
Level 2
Rican1
New Member
bradley-e-stark
New Member