@Jewel14 wrote:
What part in the 1040 can we report this type of withdrawal? On the distribution code selection, it has first time homebuyers option but only if withdrawn from a Roth IRA. What if I withdrew it from a traditional IRA? How do I prove that this is a first time house purchase?
The 2nd part of the interview will ask if "we can lower your tax" and give a list of possible exemptions that includes first home.
No proof is necessary on your tax return.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
