Claiming first time home if its only one spouse first home

[Hailey-Jackman]

early retirement withdrawal for dp on home, only one spouse's first home, can i claim first time home

[Fern · Accepted solution]

Yes, you can claim an exemption from the penalty tax for an early withdrawal from an IRA account if only one spouse is a first time home buyer. The exemption applies to withdrawals from IRAs only. It does not apply to 401 K withdrawals or withdrawals from pension or annuity accounts.

[Hailey-Jackman]

Thank you for your quick help!