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Rollover IRA early withdrawals for education

I withdrew money from my Rollover IRA to pay for my son's college tuition. Please correct me if I am wrong, but does this qualify for some early withdrawal penalty' exception?

 

If so, what form should I use to report that the early withdrawal was used for education?

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1 Reply
PaulaM
Expert Alumni

Rollover IRA early withdrawals for education

Qualified higher education expenses for you, your spouse, your children or grandchildren if you follow the rules. After you enter your 1099-R follow the screens to see if you qualify for the exception. 

 

Early withdrawal exceptions

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