I have a single 1099-R for $29,645 and the code in Box 7 is J.
Now that I look closely at it, the account number listed on the 1099-R is my "Roth share account." It appears that the 2 IRAs were combined into 1 account and then withdrawn except for $8000 which was put into a new Roth certificate. Is that typical?
As for being a first time home buyer, I'm pretty sure I don't qualify. I owned a condo before I was married but it was seller financed so I didn't have a mortgage. When I was married, we jointly owned our townhouse. This is my first solo ownership but I paid off the mortgage. Does any of that matter?
THANK YOU for all your help and advice! I hope to tackle this tomorrow.
