@ronjrsm32 wrote:
I could not find anywhere to indicate the 401k withdrawal was used by a first-time homeowner. It is not on the list of exceptions to the 10% penalty.
There is not an early withdrawal exception for a first-time homeowner when the distribution is from a 401(k). That exception is only available if the withdrawal was from an IRA and then only the first $10,000 is exempt from the 10% early distribution penalty.
