Assuming it would be an early withdrawal, the maximum amount you can pull from your IRA for a first time * home purchase is $10,000. For that withdrawal you will receive a 2022 1099-R in early 2023, showing a code 1 in box 7 indicating that it's an early withdrawal, and therefore subject to taxes on the entire amount, plus a10% early withdrawal penalty on any excess over $10,000.
*The IRS considers you a first-time buyer if you haven’t owned a home during the last two years.
