Divorced female purchased house with a distribution from a sep account. is she eligible for the exception of the penalty tax? when married they owned a home.

divorced for 10 years; sep account was not a part of the divorce settlement; first home purchase since divorce

946

Level 15

Jun 1, 2019 12:34:44 AM

A “first time” home purchase means the taxpayer did not live in a home they owned at any time in the 2 years before the closing date on the new home.