kshickora
New Member

Hello. I withdrew money from a personal IRA account last year. I used the entire amount for a downpayment on my new home for the first time. Is this allowed?

I used all of the IRA money towards my new home. When I purchased my first home 7 years ago, I did not use the IRA money towards the purchase. Can I use the $10,000 limit towards the purchase of my new home?