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January 30, 2025
Question

Hello, I pulled money from my 401k to avoid foreclosure (eligible emergency), do I enter the full amount in 5329-T Line 2, line W if it went fully to that?

  • January 30, 2025
  • 1 reply
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    1 reply

    DoninGA
    Employee
    January 31, 2025

    Only $1,000 of the withdrawal can be exempt from the 10% early distribution penalty.