jcdtax
Level 1

My client withdrew from 401k for first time home buyer, distribution code says 1, in order to avoid the penalty it should be J, company only uses 1 or 7, age dependent. Only override I see is if it should have been a J but from a Roth.  The IRS says specific circumstances, is that just from a Roth? The amount was under the $10,000 specified for the program. 

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