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COVID rules for early distribution from an IRA - qualification peramiters

Level 1

What are the qualification rules for early withdrawal from an IRA account?  Person is taking $100,000 which appears to be the limit.  They have not had the COVID-19 but has had a financial impact due to the COVID.  Are there any issues with percentage of loss income etc?

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1 Comment 1
Level 15

The best resource is to read what the IRS issues:



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