Home / NEWS LINE / I am a first-time home buyer. If I take a distribution from my 401(k) to purchase land and a house, do I have to pay a penalty on this distribution? What kind of form will I need to file with my taxes, showing the IRS that $10,000 went toward a home?

I am a first-time home buyer. If I take a distribution from my 401(k) to purchase land and a house, do I have to pay a penalty on this distribution? What kind of form will I need to file with my taxes, showing the IRS that $10,000 went toward a home?

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I am a first-time proficient in buyer. If I take a distribution from my 401(k) to purchase land and a dynasty, will I have to pay a penalty on this distribution? Also, what gracious of form will I need to file with my taxes, showing the IRS that $10,000 uttered toward a ho

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