topic Re: Form 5329-T: Line 2 worksheet line I column B (first home purchase exception - SIMPLE) should not be greater than $10,000. I don’t know what to do it was more than 10,000 in Retirement tax questions

Form 5329-T: Line 2 worksheet line I column B (first home purchase exception - SIMPLE) should not be greater than $10,000. I don’t know what to do it was more than 10,000

sljmiller — Tue, 15 Oct 2019 03:19:12 GMT

Re: Form 5329-T: Line 2 worksheet line I column B (first home purchase exception - SIMPLE) should not be greater than $10,000. I don’t know what to do it was more than 10,000

Critter — Tue, 15 Oct 2019 12:07:38 GMT

You might have taken a distribution greater than $10,000 however the max that you can exclude from the penalty is $10,000 for a first-time home buyer exclusion. Correct the entry to a maximum of $10,000 to get rid of the error code.

Re: Form 5329-T: Line 2 worksheet line I column B (first home purchase exception - SIMPLE) should not be greater than $10,000. I don’t know what to do it was more than 10,000

sljmiller — Tue, 15 Oct 2019 14:56:44 GMT

Thank You!!!