Penalty on distribution

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  • Earl
    Senior Member
    • Mar 2006
    • 249

    #1

    Penalty on distribution

    Wife of taxpayer died last year. Taxpayer took a distribution from his own IRA to pay
    for funeral expenses. Does not seem to be an exception to the penalty for this. Does
    anyone have any insight into whether there is any exception that would apply?
  • Burke
    Senior Member
    • Jan 2008
    • 7068

    #2
    Don't think so. Waiver of penalty due to death is applied to the deceased's IRA.

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