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ssueanna
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Do i -telling me that i have to pay extra taxes on my 401 withdrawl when i used it to buy a home

with drew money  to buy  a home now its  saying  i  have  to pay   extra  taxes
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Do i -telling me that i have to pay extra taxes on my 401 withdrawl when i used it to buy a home

The exemption from the 10% early withdrawal penalty is only available if the distribution was from an IRA, not a 401(k) used for the purchase of a first time home.  Even then only $10,000 is exempt from the penalty.

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