Thank you very much.
Box 7 does have "J," and I meet all of the requirements for the first time home buyer.
However, TurboTax is still showing that I owe taxes of several hundred dollars on the withdrawal.
It seems like the issue may be that in 2020, I converted a traditional IRA into a Roth IRA (from which I withdrew in 2021). But I converted it properly and paid that taxes on it in 2020.
And I even checked the IRS website, went through an "interview" on their site, and got this answer:
"The Roth IRA distribution is not taxable. Amounts that are properly rolled over or transferred are not subject to tax. The remaining distribution is not taxable because it is a qualified distribution."
But I cannot figure out how to get the taxes to be dropped off in the TurboTax program. I have indicated in TurboTax that it was for a first time home purchase, of course.
Do you have any ideas?
Thank you very much,
Kevin
