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How to fill out form 5329 with a Roth IRA and traditional IRA withdrawal used for a first time home purchase.
Hello, I withdrew about $5700 from my IRA and $4300 from my Roth IRA (for a total of $10000) and used all of it (and additional money) for a down payment when purchasing my first home last year. Sorry for so many questions, your help is most appreciated:
1) In form 5329, only the IRA amount $5700 appears, how come the Roth IRA doesn't show up?
2) Can I still put $10000 in row 2 of Form 5329 since all of this money was used for a first time home purchase or must I input only the IRA amount of $5700? If only $5700, where does the Roth IRA portion get tracked?
3) To confirm, the IRA money of $5700 is taxed even though it is used for a first time home buyer, but it is not subject to an early withdrawal penalty correct?
4) I've attached a photo of what my current set up is, could someone kindly confirm that this is correct?