Form 5329-T: Line 2 worksheet line I column B (first home purchase exception - SIMPLE) should not be greater than $10,000. I don’t know what to do it was more than 10,000

Forum|Forum|6 years ago
October 15, 2019
2 replies
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TurboTax Deluxe Online

Critter

Level 15

You might have taken a distribution greater than $10,000 however the max that you can exclude from the penalty is $10,000 for a first-time home buyer exclusion. Correct the entry to a maximum of $10,000 to get rid of the error code.

sljmillerAuthor

Level 2

Thank You!!!

Form 5329-T: Line 2 worksheet line I column B (first home purchase exception - SIMPLE) should not be greater than $10,000. I don’t know what to do it was more than 10,000

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