401K withdrawl for 1st time home purchase

[acarrier431]

401K hardship withdrawl for 1st home purchase. Fidelity is saying that it should be exempt from the 10% penalty however I cant figure out how to input that in Turbo tax. It does not give me that option?  

[VolvoGirl · Accepted solution]

Sorry the early withdrawal exception for first time home buyer is only for IRA accounts, not 401K.    Here's a list of  Exceptions for Early Distributions from a Qualified Retirement Plan such as a 401(k) or 403(b) plan. https://www.irs.gov/taxtopics/tc558