I am 67. I took $31,000 (gross withdrawal) from my IRA to buy a condo (primary residence).
From the gross amount I paid $6000 in Federal taxes and $2,400 in State of Nebraska taxes.
Most of the remaining money was used as the down payment.
By year's end. I will have paid about $5,000 in mortgage interest costs + PMI.
What is tax deductible as the result of becoming a homeowner again after 12 years as a renter?
