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Dominique Taylor
  • Fort Worth, TX
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CPA Needed for withdrawing from Retirement Plan advice/help

Dominique Taylor
  • Fort Worth, TX
Posted
Hi I'm looking to withdraw funds from a past employer retirement plan using the homebuyer exception. Any recommendations for CPAs that are familiar with this process? Recommendations, advice and suggestions are appreciated.

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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied

@Dominique Taylor,

you don't really need a CPA to guide you through this, the rules are pretty straight forward, here is a link to the IRS code:

https://www.irs.gov/taxtopics/tc557.html

You will need to make sure that your tax preparer properly indicates this on your tax return, but that's not until early next year.  

This article also might be helpful:
https://www.fool.com/retirement/iras/for-first-tim...

  • Dmitriy Fomichenko
  • (949) 228-9393
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