03-01-2004, 01:46 PM
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 Re: Penalty Free IRA Distributions - quote - > I know that you can take penalty free distributions from an IRA for > Un-reimbursed medical expenses or if you are disabled. If the wife is > disabled can her spouse take the penalty free distributions from his > account? Can the husband take distributions penalty free to pay for the > wife's un-reimbursed medical expenses? > Thanks for any help. To the extent the expenses exceed 7.5% of your adjusted gross income, yes. "Jack" - John H. Fisher - TaxService[at]aol.com Philadelphia, Pa - Atlantic City, NJ - West Wildwood, NJ My Newsgroups & Boards at: http://members.aol.com/TaxService/index.html Where Ignorance is bliss, 'tis folly to be wise!=  |
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#-1
02-29-2004, 10:35 PM
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| Penalty Free IRA Distributions Hi, I know that you can take penalty free distributions from an IRA for Un-reimbursed medical expenses or if you are disabled. If the wife is disabled can her spouse take the penalty free distributions from his account? Can the husband take distributions penalty free to pay for the wife's un-reimbursed medical expenses? Thanks for any help. Injun Joe |
| Tags |
| distributions, free, ira, penalty |
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