suzi63
New Member

If I take loan to from 403b to buy first house, if I default, can penalty be waived since I bought first house? My plan allows for withdrawal to buy first house.

My plan allows withdrawals without penalty if I buy my first house. Since I took it as loan first & then defaulted, can I still waive the penalty since I bought first house? If so, what tax forms would I need to fill out & how would I show that on my tax return form?