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How do I fill out 1099R that has a code 1 for premature distribution, but they used the money to buy a 1st time residence?

caroljo
Level 5
They didn't inform the retirement company that they were using the money to purchase a home so there is only a code #1 on the 1099R.  Any help will be appreciated.
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dkh
Level 15

code 1 would be correct -  you have to complete the 5329 to indicate the funds were for Home Purchase

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3 Comments 3
dkh
Level 15

code 1 would be correct -  you have to complete the 5329 to indicate the funds were for Home Purchase

caroljo
Level 5

Thank you.  I should have known that.  

dkh
Level 15

You're welcome. Sometimes we all need a nudge in the right direction.

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