What qualifies as a 'school cost' for early IRA withdrawal
August 14, 2008 2:59 PM Subscribe
What counts as qualified schooling costs for early withdrawal from an IRA?
I know, I know, I'm not supposed to touch my IRA money, but it would be super helpful to me to be able to take out just a little of it (like less than 10%) right now to until my school stipend kicks in. Would paying rent count as a legitimate school cost (assuming I was in school while paying said rent)? What other things count as qualified schooling costs and does the fact that my program gives me a stipend effect any of this?
I know, I know, I'm not supposed to touch my IRA money, but it would be super helpful to me to be able to take out just a little of it (like less than 10%) right now to until my school stipend kicks in. Would paying rent count as a legitimate school cost (assuming I was in school while paying said rent)? What other things count as qualified schooling costs and does the fact that my program gives me a stipend effect any of this?
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Reading P970 took a while, but was worthwhile.
posted by a robot made out of meat at 5:07 PM on August 14, 2008