Question:
Hi Jim, I just need to find out if taxable money taken from an IRA counts against one when trying to get Unemployability. This IRA money was put in as pretax dollars and must be taxed when taken out. However, it is not "gainful employment ". Please advise. Thank you.
Jim's Reply:
You're correct...it isn't gainful employment so you shouldn't have any worries. However, fair warning: VA makes a lot of mistakes so keep a close eye on all of this and be prepared to appeal if VA decides to adjust your benefit.