And note: You can ALWAYS withdraw your own previous contributions from a Roth both tax and penalty free. Only the earnings are subject to the penalty, so you only need to exclude the earnings from the penalty.
For example, if you have previously contributed $8,000 to the Roth and now that has grown to $15,000, you can withdraw the entire $15,000 penalty free. You would enter $8,000 as previous contributions and $7,000 as a home buyers exclusion and sill have $3,000 left in the lifetime $10,000 limit.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
