Early IRA penalty exception

[Greenbriar]

Would appreciation your confirmation on this. TTB chapter 13 Retirement, etc., page 13-3, exception #8, higher education expenses. No exception for 401(k) and qualified plans, yes for IRA's, SEP, Simple and SARSEP plans. Thanks.

[TAXNJ]

Yes as stated.

also stated “Caution: To qualify, expenses must be paid in same year as IRA distribution. (Duronio,T.C. Memo. 2007-90)”

also shown on IRS website

https://www.irs.gov/retirement-plans...-distributions

[Greenbriar]

Thanks, TAXNJ, even better site.