Customer pulled money out of ira to pay off mortgage, is this money taxable?

[IRonMaN · Accepted solution]

Of course it is.

[sjrcpa]

and maybe subject to penalty, too.

[IRonMaN]

Oh, you just know it is going to be :worried:

[falcon]

I told them it was taxable,

[falcon]

I was able to get an answer from IRS on first call within 2 minutes, believe or not.

[sjrcpa]

Did they give the correct answer?

[falcon]

Yes.