Solved
Client took out $9684 from 401k for a first time home buyer. 1099-R has 1 in the distrib code under 59 1/2.To avoid the 10% penalty, needs to be J. They use 1 or 7?
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.
