Form 5329 for IRA withdrawal prior to 59 1/2
Client is 52yrs old. She pulled 200K from an IRA to buy a house and therefore got a HUGE penalty. She called the IRS and they advised her to fill out form 5329 to get an exemption for the penalty. I entered the exemption code (made for first home purchase) and the penalty doesnt go away.
What do I need to do to get the exemption?