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My husband is retired and he took some money out of his IRA

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to help my son buy...
My husband is retired and he took some money out of his IRA to help my son buy a condo is there anyplace on the tax form that he can put he reinvested that money. As it stands now it is really messing us up as i had to use obamacare and now it puts us over the amount allowed. My name is ***** ***** condo with my son. Thanks Judy
Submitted: 1 year ago.Category: Tax
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4/17/2016
Tax Professional: emc011075, Tax adviser replied 1 year ago
emc011075
emc011075, Tax adviser
Category: Tax
Satisfied Customers: 3,236
Experience: IRS licensed Enrolled Agent and tax instructor
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Hi, Judy. My name is ***** ***** I will be happy to help you. Unfortunately distributions from IRA or other retirement vehicles cannot be reinvested for any reasons. I am assuming your husband is at least 59 1/2 so there's no penalty but there's no way to exclude the distribution from your income. I am sorry I wish I could give you better news.
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Tax Professional: emc011075, Tax adviser replied 1 year ago
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