I withdrew money out of my retirement to put a down payment on the purchase of a house. Does this work for the other section where I don't have to pay a penalty for the
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1 Best answer
Anita01
New Member
Jun 4, 2019 6:24:53 PM
It might. The exception is for the purchase of a first home, so if you have not owned a home for 2 years prior to this purchase, you would qualify for the exception to the 10% penalty.
3 Replies
Anita01
New Member
Jun 4, 2019 6:24:53 PM
It might. The exception is for the purchase of a first home, so if you have not owned a home for 2 years prior to this purchase, you would qualify for the exception to the 10% penalty.
shockers59
New Member
Jun 4, 2019 6:24:54 PM
It is my first home so Thank You so much for your help!!