: How do I report using an IRA distribution to purchase a first home The tax code allows up to ,000 to be withdrawn from an IRA (Roth or regular) and put towards the purchase of a first home without having to pay the normal

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How do I report using an IRA distribution to purchase a first home
The tax code allows up to ,000 to be withdrawn from an IRA (Roth or regular) and put towards the purchase of a first home without having to pay the normal 10% penalty for an early distribution.

When this is done, how should it be reported back to the IRS when filing your tax return? I assume there are one or more forms dedicated to this purpose?

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