I did an early distribution from my IRA for a down payment on a first home. What is the correct way to code this so I am not penalized?

[Opus 17 · Accepted solution]

You can take up to $10,000 as long as you use it to close within 120 days of the withdrawal.  You still owe regular income tax of course.  Enter the 1099-R exactly as you received it.  Then keep going in the interview, you will be asked a question about whether you qualify for an exception, you can check the box for first time home buyer.