My wife and I both withdrew $10k each from our 401k/IRA accounts towards the purchase of our first/primary home. I was told that these IRA distributions are allowed/penalty-free as long as the amount is below $10k per person and when filing our taxes we specify that this distribution was for a first time home purchase. Now, will I be able to do this in TurboTax next year, or will I have to use a tax preparer?
