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Get your taxes done using TurboTax
There is no exception to the 10% early withdrawal penalty for a first time home purchase if the funds were distributed from a 401(k).
Online editions -
Enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R
On the screen Did you get a 1099-R in 2021? Click on Yes
On the next screen click on Continue
On the screen Let's import your tax info Click on Change how I enter my form
On the screen How do you want to add your 1099‑R? Click on Type it in myself
On the screen Who gave you a 1099-R? select the type of 1099-R you received and Continue
October 12, 2022
3:10 PM
328 Views