I just entered the distribution from my 401(k) (Form 1099-R) that I used to purchase my first home. Where do I enter this so that part of is it exempt from the penaltytax

posted

Connect with an expert

1 Best answer

Accepted Solutions

I just entered the distribution from my 401(k) (Form 1099-R) that I used to purchase my first home. Where do I enter this so that part of is it exempt from the penaltytax

You don't. Unfortunately the exception to the penalty for early withdrawal applies only to a withdrawal from an IRA. It does not apply to a 401k withdrawal for that purpose.

View solution in original post

2 Replies

I just entered the distribution from my 401(k) (Form 1099-R) that I used to purchase my first home. Where do I enter this so that part of is it exempt from the penaltytax

You don't. Unfortunately the exception to the penalty for early withdrawal applies only to a withdrawal from an IRA. It does not apply to a 401k withdrawal for that purpose.

I just entered the distribution from my 401(k) (Form 1099-R) that I used to purchase my first home. Where do I enter this so that part of is it exempt from the penaltytax

Thank you for the quick response jerry2000!

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

I just entered the distribution from my 401(k) (Form 1099-R) that I used to purchase my first home. Where do I enter this so that part of is it exempt from the penaltytax

I just entered the distribution from my 401(k) (Form 1099-R) that I used to purchase my first home. Where do I enter this so that part of is it exempt from the penaltytax

I just entered the distribution from my 401(k) (Form 1099-R) that I used to purchase my first home. Where do I enter this so that part of is it exempt from the penaltytax

I just entered the distribution from my 401(k) (Form 1099-R) that I used to purchase my first home. Where do I enter this so that part of is it exempt from the penaltytax

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

I just entered the distribution from my 401(k) (Form 1099-R) that I used to purchase my first home. Where do I enter this so that part of is it exempt from the penaltytax

Do you have an Intuit account?

I just entered the distribution from my 401(k) (Form 1099-R) that I used to purchase my first home. Where do I enter this so that part of is it exempt from the penaltytax

I just entered the distribution from my 401(k) (Form 1099-R) that I used to purchase my first home. Where do I enter this so that part of is it exempt from the penaltytax

I just entered the distribution from my 401(k) (Form 1099-R) that I used to purchase my first home. Where do I enter this so that part of is it exempt from the penaltytax

Unlock tailored help options in your account.

Get more help

Related Content