I cashed out my ira to help my fiance buy his first house. i am not on that home loan. does that still count?

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I cashed out my ira to help my fiance buy his first house. i am not on that home loan. does that still count?

No. There is no tax benefit for that use of IRA funds.None at all.

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I cashed out my ira to help my fiance buy his first house. i am not on that home loan. does that still count?

No. There is no tax benefit for that use of IRA funds.None at all.

I cashed out my ira to help my fiance buy his first house. i am not on that home loan. does that still count?

Unless you have documented this as being a loan (in which case you are required to pay taxes on actual interest that you receive from this loan or imputed interest, whichever is greater), this is a gift from you to your fiancé. If you gifted more than $14,000 to your fiancé in 2016, you must file a gift tax return (Form 709).

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I cashed out my ira to help my fiance buy his first house. i am not on that home loan. does that still count?

I cashed out my ira to help my fiance buy his first house. i am not on that home loan. does that still count?

I cashed out my ira to help my fiance buy his first house. i am not on that home loan. does that still count?

I cashed out my ira to help my fiance buy his first house. i am not on that home loan. does that still count?

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I cashed out my ira to help my fiance buy his first house. i am not on that home loan. does that still count?

I cashed out my ira to help my fiance buy his first house. i am not on that home loan. does that still count?

I cashed out my ira to help my fiance buy his first house. i am not on that home loan. does that still count?

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