I took money out of retirement plan to purchase a house, is it still charged an early withdrawal penalty? If not, how do I enter in the system so it doesn't?
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I took money out of retirement plan to purchase a house, is it still charged an early withdrawal penalty? If not, how do I enter in the system so it doesn't?

 
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I took money out of retirement plan to purchase a house, is it still charged an early withdrawal penalty? If not, how do I enter in the system so it doesn't?

There is an exemption for qualified first-time homebuyers, up to $10,000. This can only be from an IRA distribution, not a pension. If you took the money from your IRA, the screen shots below show you where to indicate the exception.

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