Limits
What are the limits to take out cash from Rollover Roth IRA and Rollover Trad. IRA to pay for childs private high school?
What are the limits to take out cash from Rollover Roth IRA and Rollover Trad. IRA to pay for childs private high school?
Permalink Submitted by Alan - IRA critic on Sun, 2024-11-10 21:15
There are no limits, but the IRA distribution will be taxable while Roth distributions up to the amount of your Roth contribution and conversion basis will not be taxable.
Also, there is no early distribution penalty exception (10%) for high school expenses, as the penalty exception only applies to educational institutions post high school.