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mattkepto
New Member

I made a withdrawal from my Roth IRA account in Dec 2017 to purchase a primary residence. Closing has not been completed yet. How do I note this on my taxes?

 
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Anita01
New Member

I made a withdrawal from my Roth IRA account in Dec 2017 to purchase a primary residence. Closing has not been completed yet. How do I note this on my taxes?

If you are trying to avoid a penalty for an early withdrawal, you will be asked if you used the money to purchase a first-time primary residence, you will be asked if you used the money or that purpose.  Say Yes, it does not matter that the closing will come in 2018.

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Anita01
New Member

I made a withdrawal from my Roth IRA account in Dec 2017 to purchase a primary residence. Closing has not been completed yet. How do I note this on my taxes?

If you are trying to avoid a penalty for an early withdrawal, you will be asked if you used the money to purchase a first-time primary residence, you will be asked if you used the money or that purpose.  Say Yes, it does not matter that the closing will come in 2018.

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