topic I HELPED MY DAUGHTER BUY A HOUSE AND I TOOK MONEY OUT OF MY 401K in Retirement tax questions

I HELPED MY DAUGHTER BUY A HOUSE AND I TOOK MONEY OUT OF MY 401K

campos-2014 — Wed, 05 Jun 2019 23:07:48 GMT

WOULD THAT COUNT AS FIRST TIME HOME PURCHASE?

And, taking money out of a 401k to purchase a first home...

xmasbaby0 — Wed, 05 Jun 2019 23:07:49 GMT

And, taking money out of a 401k to purchase a first home is not an exception to the early withdrawal penalty like it could be for a traditional IRA. You should have a 1099R for the distribution from your 401k.

Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.

No. Must be Your first home, Your SSAN ...

Rainman12 — Wed, 05 Jun 2019 23:07:52 GMT

No. Must be Your first home, Your SSAN ...