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Retirement tax questions
A distribution code of 1 means early withdrawal, no penalty exception.
Using 401k money to buy a home is not an exception to the penalty for early withdrawal, and the distribution is fully taxable as ordinary income.
Using 401k money to buy a home is not an exception to the penalty for early withdrawal, and the distribution is fully taxable as ordinary income.
‎June 1, 2019
12:19 AM