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Showing content with the highest reputation on 10/23/2022 in all areas
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In the first post, Tom said that all contributions had already been withdrawn and used for college.1 point
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You need to fill out Part III of Form 8606. In some cases you can avoid the penalty but not the tax.1 point
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Given the overall current circumstances that the IRS employees have to work under, it must be a really frustrating place to work.1 point
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Yes, because he has had the account for at least 5 years, he can withdraw up to $10K penalty free under that exclusion as long as he meets the requirements for a first-time home buyer.1 point