RCBCPA
Level 3
12-07-2019
01:20 AM
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Solved! Go to Solution.
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Accountant-Man
Level 13
12-07-2019
01:20 AM
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Exemption from penalty only applies to IRA distributions. But if you took a 401k et al distribution and rolled it into an IRA, and then paid the closing costs from an IRA distribution...
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TaxMonkey
Level 8
12-07-2019
01:20 AM
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Your say is correct, IRA only - IRC 72(t)(2)(F)
TAXOH
Level 11
12-07-2019
01:20 AM
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I think just IRA's.