2020 YE client nl - ncpe Fellowship
The withdrawals are exempt from the 10% early withdrawal penalty. However, he must pay income tax on the distribution when filing his 2020 tax return. However, in 2023 (i.e., within three years of the original distribution date) he is able to recontribute an amount equal to the previously distributed amount back into his IRA or 401(k) plan. ................
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