THANK YOU SO MUCH FOR YOUR HELP!
One more question, if I may:
According to Turbotax:
A distribution from a Roth IRA is a qualified distribution if the following conditions are met:
First, the distribution must be made after the five-year period beginning with the first tax year for which a regular or conversion contribution was made for your benefit. (Our last contribution to a Roth was in 2010.)
Second, the distribution must be... (4) made to purchase a first home, subject to a lifetime limit of $10,000. (Even though I have been part owner in the past, I (we) have never claimed the $10,000 credit, so don't I qualify? )
Turbotax is worded in such a way that it is confusing.
MANY THANKS!
