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Retirement tax questions
For the 10% exception you can exclude up to $10,000 in home acquisition costs, so you should net out the $1319 from the $5860. From IRS Pub 590-B:
Qualified acquisition costs. Qualified acquisition
costs include the following items.
Costs of buying, building, or rebuilding a home.
Any usual or reasonable settlement, financing, or
other closing costs.
‎June 5, 2019
2:26 PM