- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Isn't buying a home for the first time an exception to take out of a retirement account prior to age 59.5? Turbotax doesn't mention that exception.
Topics:
4 Replies
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Isn't buying a home for the first time an exception to take out of a retirement account prior to age 59.5? Turbotax doesn't mention that exception.
Only from an IRA and only to waive the 10% Early Withdrawal Penalty on up to 10,000.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Isn't buying a home for the first time an exception to take out of a retirement account prior to age 59.5? Turbotax doesn't mention that exception.
So not from a 401k? I took out of my 401k for a first time home purchase thinking it would void the 10% penalty fee.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Isn't buying a home for the first time an exception to take out of a retirement account prior to age 59.5? Turbotax doesn't mention that exception.
Sorry. IRS 401K plan Info. Scroll down and see the exceptions to the 10% Early Withdrawal Penalty
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Isn't buying a home for the first time an exception to take out of a retirement account prior to age 59.5? Turbotax doesn't mention that exception.
Wow, oops. thank you!
Still have questions?
Make a post
Or browse the Forums