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

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

CAN I DEDUCT THE AMOUNT OF THE HOUSE OUT OF MY INCOME?

posted

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.

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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.