I cased in my small IRA and used the funds to buy my home. How do I enter this info in TurboTax?
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

I cased in my small IRA and used the funds to buy my home. How do I enter this info in TurboTax?

 
1 Reply
Level 15

I cased in my small IRA and used the funds to buy my home. How do I enter this info in TurboTax?

After the 1099R TurboTax will go over exceptions from the 10% early withdrawal penalty.

The money is still taxable income however you can avoid the early withdrawal penalty.


https://ttlc.intuit.com/replies/3301632

Dynamic Ads
v
Privacy Settings