Question

How do I claim my 1099-R for a first time home purchase

Forum|Forum|6 years ago
February 2, 2020
1 reply
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I’m not seeing a drop down for first time home buyer purchase on the 1099-R section

TurboTax Deluxe Online

Employee

It isn't a part of the individual 1099-R interview...but when you get back to the table of 1099-R forms, you hit the button at the bottom of that table page...and continue on thru a few other Questions, and eventually the list of exceptions to the penalty are presented.

BUT, the first time home purchase penalty exception will only be presented if the withdraw was made from an IRA.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*