USA Reporting on standard roth ira

[Ed K]

Hello all,
This past year I cashed out my traditional IRA 401K and put it down on a house I purchased. We of course have to pay taxes on this money we received. I understand that. We are being told we also have to pay a 10% penalty fee.
We did this same exact process with my wife's 401k about 10 years ago on our previous home and the 10% penalty was waved because of being a first time home buyer.
Is waving the 10% penalty only valid for 1st time home buying or is there some way to get around it when I bought my 2nd home. I don't own 2 homes by the way. We sold the previous one because we had to relocate and we purchased another and that's what we put my roth ira towards.
Thanks
Ed

 

[maarkr]

qualified first time home buyer distributions... only good for the FIRST time you buy a home for a joint file.

 

[Ed K]

Thank you very much for the reply.