- Mark as New
 - Bookmark
 - Subscribe
 - Subscribe to RSS Feed
 - Permalink
 - Report Inappropriate Content
 
Retirement tax questions
Form 5329 claiming the code 09 exception on line 2 is all you need.
Regarding the Form 1099-R, code 1 is correct. An IRA custodian has no way to know if you qualify for this exception so there is no code for indicating this on your Form 1099-R. It's your responsibility to claim the first-home exception on your tax return if you qualify.
			
    
	
		
		
		‎February 25, 2020
	
		
		11:16 AM