I am a first time homebuyer and withdrew $7900 from my 403(b) to go towards costs related to the purchase of my home, would i place this amount under "other"
021751
2 Replies
DoninGA
Level 15
Apr 6, 2024 10:39:35 AM
The 10% early distribution penalty exclusion for a first time home purchase is only when the distribution is from an IRA.
Using funds from the 403(b) are not an exception to the early withdrawal penalty.