astronantman
Returning Member

Withdraw excess IRA contribution and first time home purchase at the same time?

Hi, I withdrew 6000$ excess contribution and 2000$ earnings from these excess contribution before tax filling date, I made a first time home purchase recently.

 

Can I claim these earnings (only these 2000$, right?) as "first time home purchase"?

 

Can I avoid tax and penalty? (within 5 years of opening IRA, under age 59)