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Isn't buying a home for the first time an exception to take out of a retirement account prior to age 59.5? Turbotax doesn't mention that exception.
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February 8, 2021
6:49 PM
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Retirement tax questions
Only from an IRA and only to waive the 10% Early Withdrawal Penalty on up to 10,000.
February 8, 2021
6:51 PM
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Retirement tax questions
So not from a 401k? I took out of my 401k for a first time home purchase thinking it would void the 10% penalty fee.
February 8, 2021
6:55 PM
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Retirement tax questions
Sorry. IRS 401K plan Info. Scroll down and see the exceptions to the 10% Early Withdrawal Penalty
February 8, 2021
7:04 PM