Wednesday, February 24, 2010

Early Ira Distribution And First Time Homebuyer Credit In Same Year First Time Home-buyer IRA Distribution?

First time home-buyer IRA distribution? - early ira distribution and first time homebuyer credit in same year

As the buyer of the house for the first time I had no intention 10,000 of my traditional IRA to remind a signal in my house. I will be the money, and close to take in the same month. I understand that I can do this without paying a penalty for early distribution, although of course I pay taxes on taxes when it came time to roll.

Is there a possibility or necessity of the documents at the closing completely? My opinion is that we show that the money was spent to buy a house within 120 days, but need not, I'm clear to do what procedures.

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