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IRA for Education, tax question?

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03-11-2008, 08:28 PM

Tim6298

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IRA for Education, tax question?

I just cashed out my IRA to cover education costs, what are my tax implications for 2008 by doing this? The did not withold any federal or state taxes from it. What % of what was cashed out will be taxed, if its used for education purposes?

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