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ironamt
New Member

Can I claim the money that I took from my IRA to put a roof on my property against my IRA?

I withdraw funds from my IRA to put a new roof on my property.  Can I use the money to reduce my IRA tax penalty?

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bwa
Alumni
Alumni

Can I claim the money that I took from my IRA to put a roof on my property against my IRA?

Sorry, but there is no exception to the penalty for home improvements, only the first time purchase of a home.

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1 Reply
bwa
Alumni
Alumni

Can I claim the money that I took from my IRA to put a roof on my property against my IRA?

Sorry, but there is no exception to the penalty for home improvements, only the first time purchase of a home.

View solution in original post

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