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IRA withdrawal
I’m 65 yrs old and live in Florida. I recently did not qualify for a new primary home purchase loan based on my income, so I withdrew money from my contributory IRA to purchase the home. I was hoping to sell my old primary residence within the 60 day limit of repayment to avoid any fees or taxation. I did finally sell my old home home, but it was 90 days after the withdrawal. Would the IRS give me a waiver if I refund my IRA late , but within the same calendar?
October 30, 2024
12:05 PM