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Level 1
June 1, 2019
Solved

I HAVE PENSION WITHDRAWAL, WHAT IF I BOUGHT A HOUSE WITH THAT CASH

  • June 1, 2019
  • 1 reply
  • 18 views
CAN I DEDUCT THE AMOUNT OF THE HOUSE OUT OF MY INCOME?
Best answer by VolvoGirl

No.  2 separate things.  If it was from an IRA that would be an exception (for 10,000 of it) to the 10% Early Withdrawal Penalty if you were under 59 1/2.

1 reply

VolvoGirl
VolvoGirlAnswer
Level 15
June 1, 2019

No.  2 separate things.  If it was from an IRA that would be an exception (for 10,000 of it) to the 10% Early Withdrawal Penalty if you were under 59 1/2.