After you file

Sorry---taking money out of a 401k to buy a home is not an exception to the early withdrawal penalty.   That is only for a traditional IRA.     The money you took from a 401k is subject to the 10% penalty and ordinary income tax.   Make sure you have entered your 1099R on your tax return.

 

To enter your retirement income, Go to  Federal> Wages and Income>Retirement Plans and Social Security>IRA  401 k) Pension Plan Withdrawals to enter your 1099R.

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**