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Financial Planning / Tax Strategies


Subject:  Re: early Roth distributions Date:  4/25/2005  5:32 PM
Author:  TMFPMarti Number:  78939 of 127617

I have a need to consider the option of dipping into my Roth IRA for a business expense that wouldn't qualify as one of the allowable conditions for early withdrawal without a penalty. I remember reading somewhere that it is possible to take money out of a Roth temporarily in certain situations, provided the money was put back in within a certain time, and that the money didn't represent the actual contributions, etc. Was that information correct, and if so what are the conditions for doing this?

Download a copy of IRS Publication 590 from and digest the information on rollovers and nonqualified distributions from Roth IRAs. That will give you a foundation for asking specific questions if it doesn't anwer all you have.

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