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Will the Roth IRA owner be subject to the 10 percent additional tax on early distributions under IRC Section 72(t)?

distributions early IRC owner roth ira section Subject tax
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Will the Roth IRA owner be subject to the 10 percent additional tax on early distributions under IRC Section 72(t)?

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A.3 Yes, unless one of the exceptions set forth in IRC Section 72(t)(2) is available. If no exception is available, the additional tax is applied in 2004 to the earnings portion (as determined above) of the total amount distributed.

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