Reply To: Under 59-1/2 IRA Withdrawal

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#28420
haroldml
Participant

I’ll try again because my original post was deleted. My daughter is 59-1/2 & made a withdrawal from her IRA because of the COVID. The rep at her IRA custodian told her that it isn’t taxable. TTax eliminates the 10% penalty but not the tax on the withdrawal amount. What is the correct tax treatment on this withdrawal?

Thanks,

HML