Andrew, age 32, ?has a traditional IRA that he established several years ago. He incurs...
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Andrew, age ?has a traditional IRA that he established several years ago. He incurs qualified higher education exp during the year and wirhdraws the amount from his traditional IRA to pay the tuition. Which of the following statem
If an exception applies for the distribution, Andrew will not be subject to the ?additional tax for an early
A ?additional tax applies to all distributions made prior to reaching age ?; no exceptions
Traditional IRAs are exempt from early withdrawal penalties
If Andrew repays the money within ?year, he can exclude the distribution from taxable income
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