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I withdrew money from my Roth IRA early to contribute to a first time home purchase. How do I report this action?

 
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I withdrew money from my Roth IRA early to contribute to a first time home purchase. How do I report this action?

You are going to enter the 1099R (follow steps below) and carefully answer all the questions after you enter it.  As up to $10,000 of Roth contributions used for first time home buyer purchase is excluded from taxes.  It still however is entered into TurboTax.  Below my answer is a very detailed response from another agent earlier.  I reviewed it and all the information is still accurate for 2016 tax year.  

To enter pension and annuity Payments (1099-R)

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Retirement Plans and Social Security
  • On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

https://ttlc.intuit.com/replies/4964380

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