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My wife and I owner occupy rental property and are buying a new home. Can we get the first time home owners ira $10,000 withdrawl without tax penalty?

 
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NancyG
New Member

My wife and I owner occupy rental property and are buying a new home. Can we get the first time home owners ira $10,000 withdrawl without tax penalty?

It sounds like you are already in your first home - owner occupy rental property? So, no? you would not qualify on another residence.

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NancyG
New Member

My wife and I owner occupy rental property and are buying a new home. Can we get the first time home owners ira $10,000 withdrawl without tax penalty?

It sounds like you are already in your first home - owner occupy rental property? So, no? you would not qualify on another residence.

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