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March 30, 2025
Question

i paid my daughters tuition from my IRA. This is an allowable exemption but TT doesnt direct me there. How can i get there?

  • March 30, 2025
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1 reply

March 30, 2025

There will be a follow-up question after the 1099-R entry that qualifies you for exception.  Note: using the IRA distribution for qualified educational expenses exempts you fro the additional penalty for early withdrawal, but you would still be responsible for any income tax that would apply.