Post #14961 by BRKNut on the Berkshire Hathaway board

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- Manlobbi

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)

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<< If I sell from IRA, i need to pay 10% penalty + income taxes, but I won’t have to pay capital gains tax.>>

Not sure if this applies or if it makes numerical sense to your situation but the 10% penalty for early withdrawal can be avoided by doing a 72t withdrawal. Aka Substantially equal payment plan (SEPP). It’s possible to designate a subset of the IRA account that gets SEPPed. Only hitch is the withdrawals have to continue for the longer of five years or 59.5 age. FWIW

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