Posted by Lee Kelly on 3/08/11

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I took an early distribution from my IRA (in part) to pay
for educational expenses for my daughter. I know I have
some protection from the 10% penaly for the fall 2010
semester expenses, but the Spring 2011 expenses weren't
technically incurred until January 2011 as she couldn't
register until January 15th. I used the proceeds from the
IRA to pay for the Spring semester as well - are the 2011
expenses "protected" from the 10% penalty? Under form 5329
penalty exemption code 08 (Education expenses), it does not
mention a same year requirement like it does under
categories. Thanks in advance.

IRA 10% penalty for early distribution, 3/08/11, by Lee Kelly.

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