Early withdrawal penalty from IRA to purchase 1ST home? Does the it also apply to 401-k, 403-B plans or other qualified pension plans? My say is no.

[Accountant-Man · Accepted solution]

Exemption from penalty only applies to IRA distributions. But if you took a 401k et al distribution and rolled it into an IRA, and then paid the closing costs from an IRA distribution...

[TaxMonkey]

Your say is correct, IRA only - IRC 72(t)(2)(F)

[TAXOH]

I think just IRA's.