<empty>

[jper13]

<empty>

[VolvoGirl]

Sorry the penalty exclusion for a home purchase is only from a IRA account not 401K .

[Opus 17]

---

@VolvoGirl wrote:

Sorry the penalty exclusion for a home purchase is only from a IRA account not 401K .

---

Although IRAs and 401(k)s have a similar purpose, they are controlled by different sections of the tax law and some of their rules are very different.  The penalty exception for a "first time home buyer" only applies to IRAs, not 401(k)s or other workplace plans.  

[jper13]

<empty>