Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Roth IRA distribution used for daughter's college education

Hawk26
Level 3

Client under age 59-1/2 withdrew $6,000 from Roth IRA for daughter's college education.  Since the funds were used exclusively for secondary education they're supposed to be exempt from the 10% penalty.

Is there a section on the 1099-R Worksheet that indicates the withdrawal was used for college costs?  How do I "eliminate" the $600 early withdrawal penalty?

Thanks.

 

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Best Answer

Accepted Solutions
Hawk26
Level 3

Please disregard... found the answer on Form 5329-T

View solution in original post

1 Comment 1
Hawk26
Level 3

Please disregard... found the answer on Form 5329-T