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According to the IRS, "If you received a distribution to buy, build, or rebuild a first home and the purchase or construction was canceled or delayed, you generally can contribute the amount of the distribution to an IRA within 120 days of the distribution. This contribution is treated as a rollover contribution to the IRA."
However, keep in mind that the penalty exception only applies to first-time home buyers. If this wasn't your first home purchase, the exemption from the penalty never applied to the withdrawal.
According to the IRS, "If you received a distribution to buy, build, or rebuild a first home and the purchase or construction was canceled or delayed, you generally can contribute the amount of the distribution to an IRA within 120 days of the distribution. This contribution is treated as a rollover contribution to the IRA."
However, keep in mind that the penalty exception only applies to first-time home buyers. If this wasn't your first home purchase, the exemption from the penalty never applied to the withdrawal.
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