Which of the following is an exception to the 1 0 % early withdrawal penalty of a
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Question:
Which of the following is an exception to the early withdrawal penalty of a traditional IRA?
a Withdrawing up to $ for firsttime homebuying expenses
b Paying the costs of higher education, including tuition fees, books, and room and board for a dependent child
c The recipient has received weeks of unemployment compensation and must pay medical insurance premiums for dependents.
d Using the withdrawals for medical expenses up to of their AGI, for persons younger than years old
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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