troy
Level 3

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?

0 Cheers
Skylane
Level 11
Level 11

See form 5329 and instructions

If at first you don’t succeed…..find a workaround