Jennifer, age 40, has accumulated $40,000 in her traditional IRA. She would like to withdraw $22,000 from

Question:

Jennifer, age 40, has accumulated $40,000 in her traditional IRA. She would like to withdraw $22,000 from her IRA to pay for her daughter's college expenses. She plans to use $15,000 for tuition and $7,000 for room and board. Write a letter to Jennifer stating the tax implications of her proposed withdrawal.