Special qualification for check
My Daughter has to dip into her retirement fund in 2019. This would put her over the top threshold for the stimulus payment. However, her earned income total would not. She has already paid her penalty on the withdrawal. What is the rule for this?
Thank you
Terry Says
Check with TurboTax, but I believe that this withdrawal is included in her adjusted gross income. However, the penalty might be a deduction. So this is a bit too complex for me. TurboTax.com has live CPA help for this.
