turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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?
1 Best answer

Accepted Solutions

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

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.

View solution in original post

1 Reply

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

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.

Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing

Related Content

Manage cookies