Are retirement funds used to purchase a first home tax deductible? Also, does it matter if it is a total purchase or down payment?
Thank you,
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The first $10,000 might be able to have the 10% penalty for early withdrawal excluded if if its an IRA...but its all taxable.
No and it doesn't matter.
The first $10,000 might be able to have the 10% penalty for early withdrawal excluded if if its an IRA...but its all taxable.
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