dmertz
Level 15
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Retirement tax questions

TurboTax will automatically prepare Form 5329 claiming a code 09 exception on line 2 when you enter a code 1 Form 1099-R from a traditional IRA and you indicate that some or all of the distribution was used to purchase a first home.  In the follow-up to entering the Form 1099-R details, be sure to indicate the amount that was applied to your first-home purchase.

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