Re: What form do I use to input the information for a first time buyer that withdrew money from their IRA? I see form 8606 I entered info but it did not calculate.

sjrcpa · ‎02-12-2021

First time homebuyer rule, if applicable, only gets you out of the 10% penalty not the income tax.

Might COVID related distribution apply?

The more I know the more I don’t know.