This discussion has been locked.
No new contributions can be made. You may start a new discussion
First time home buyer election eliminates the 10% penalty on early withdrawals. Use Form 5329 to indicate no penalty is required.
As a side note, is the Roth withdrawal even supposed to be taxable? You need need to enter the BASIS of the Roth into the program because the withdrawals of the Basis are non-taxable.
You have clicked a link to a site outside of the ProConnect Community. By clicking "Continue", you will leave the Community and be taken to that site instead.