dmertz
Level 15

Retirement tax questions

See the IRS link provided by KatrinaB48 for the available penalty exceptions; using the money for your home is not an exception.

 

Rather than directly answer the question that you asked, KatrinaB48 provided the answer to the question, "Does this using the money for home remodeling provide a penalty exception."  It was not meant to indicate that you do not owe a penalty.  Whether or not you are subject to an early-distribution penalty depends on whether or not you qualify for any of the actual penalty exceptions.