IRA question.?

Question

I quit my job a few months ago to be a full time student. I am now about to cash in my IRA plan through my job. I have heard that since I have a lot of student related expenses, I can cash this in without a penalty or something of that nature. Does anyone know of any further info than that. I tried looking on the irs.gov website and the document is like 600 pages and that is a lot of reading. Any information would be greatly appreciated. Best answer gets 10 points!

Answer 1

Sure, the one you are looking for is

http://www.irs.gov/pub/irs-pdf/p970.pdf

Look at section 9 'Education Exception to Additional Tax on Early IRA Distributions'

You may also be interested in this:

http://www.irs.gov/individuals/article/0...