A 30 -year-old small-business owner withdraws $⁢10,000 from their Roth IRA, which they have held for 4 years, to cover medical expenses exceeding 10% of their adjusted gross income. What are the taxes and penalties on this withdrawal?

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Revolt · Accepted Answer

no taxes or penalties

Individual Retirement Plans - Quiz Quiz

A 30 -year-old small-business owner withdraws $⁢10,000 from their Roth IRA, which they have held for 4 years, to cover medical expenses exceeding 10% of their adjusted gross income. What are the taxes and penalties on this withdrawal?

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