78ab4cd4_10__Penalty___IRA_Distribution__ection_72_t__penalty_exemption
[Major restrictions] - Loan agreement must be legally enforceable. – Term of loan cannot exceed five years unless distribution is used to acquire a principal residence. – Participant must adhere to specified repayment schedule and the amount of the loan is limited.
Distribution subject to loan agreement.
Exceptions to the 10% Penalty | IRA Distribution
IRC section 72(t) penalty exemption