topic If I took money out of an IRA to pay off a student loan I co-signed for is that considered taxable? Or would that go under Higher Education? in Education https://ttlc.intuit.com/community/college-education/discussion/if-i-took-money-out-of-an-ira-to-pay-off-a-student-loan-i-co-signed-for-is-that-considered-taxable/01/651057#M17979 Thu, 06 Jun 2019 08:50:03 GMT bigdog11078 2019-06-06T08:50:03Z If I took money out of an IRA to pay off a student loan I co-signed for is that considered taxable? Or would that go under Higher Education? https://ttlc.intuit.com/community/college-education/discussion/if-i-took-money-out-of-an-ira-to-pay-off-a-student-loan-i-co-signed-for-is-that-considered-taxable/01/651057#M17979 Thu, 06 Jun 2019 08:50:03 GMT https://ttlc.intuit.com/community/college-education/discussion/if-i-took-money-out-of-an-ira-to-pay-off-a-student-loan-i-co-signed-for-is-that-considered-taxable/01/651057#M17979 bigdog11078 2019-06-06T08:50:03Z The repayment of a student loan is not a qualified educat... https://ttlc.intuit.com/community/college-education/discussion/the-repayment-of-a-student-loan-is-not-a-qualified-educat/01/651066#M17982 <P>The repayment of a student loan is not a qualified educational expense for purposes of the exception to the early withdrawal penalty.&nbsp; There are not exceptions to the need to include the withdrawal as taxable income regardless of the use of the funds.&nbsp; The only exceptions relate to the early withdrawal penalty and, as I said above, repayment of student loans does not fall under that exception.<BR /></P> Thu, 06 Jun 2019 08:50:06 GMT https://ttlc.intuit.com/community/college-education/discussion/the-repayment-of-a-student-loan-is-not-a-qualified-educat/01/651066#M17982 Howard1948 2019-06-06T08:50:06Z