toaks
Level 2
01-24-2021
09:21 AM
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dkh
Level 15
01-24-2021
09:58 AM
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First time home buyer election eliminates the 10% penalty on early withdrawals. Use Form 5329 to indicate no penalty is required.
TaxGuyBill
Level 15
01-24-2021
02:29 PM
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As a side note, is the Roth withdrawal even supposed to be taxable? You need need to enter the BASIS of the Roth into the program because the withdrawals of the Basis are non-taxable.