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- First-Time Homebuyer Exception for IRA Distirbution
First-Time Homebuyer Exception for IRA Distirbution
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troy
Level 3
3 weeks ago
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I understand that if a taxpayer hasn't owned a primary residence for two years or if the taxpayers is buying a primary residence for the first time, there is an exception to the 10% penalty on early IRA distributions.
How does ProSeries handle this exception? Is there a checkbox / location to claim this exception within he software?
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