COVID rules for early distribution from an IRA - qualification peramiters

SLL · ‎10-10-2020

What are the qualification rules for early withdrawal from an IRA account? Person is taking $100,000 which appears to be the limit. They have not had the COVID-19 but has had a financial impact due to the COVID. Are there any issues with percentage of loss income etc?

qbteachmt · ‎10-10-2020

The best resource is to read what the IRS issues:

https://www.irs.gov/newsroom/coronavirus-related-relief-for-retirement-plans-and-iras-questions-and-...

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COVID rules for early distribution from an IRA - qualification peramiters

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