Taxed or receiving a penalty? Did you tell TurboTax that you used the withdrawal to buy your first house?
Even if you qualify for an exemption, you will still have to pay taxes on your IRA withdrawal, you just wouldn't be subject to the 10% early withdrawal penalty.
You may end up with taxes due or a lessor refund because the withdrawal increased your total income for the year which could push you into a different tax bracket.
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