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beaster12
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I made an IRA withdrawal for a first time home purchase of > than $20k. My spouse and I were both purchasers, can I claim $10k used for 1st Home Purchase for both of us?

 
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I made an IRA withdrawal for a first time home purchase of > than $20k. My spouse and I were both purchasers, can I claim $10k used for 1st Home Purchase for both of us?

No, since the entire $20k came from your account. Your are limited to $10k.

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2 Replies

I made an IRA withdrawal for a first time home purchase of > than $20k. My spouse and I were both purchasers, can I claim $10k used for 1st Home Purchase for both of us?

No, since the entire $20k came from your account. Your are limited to $10k.

beaster12
New Member

I made an IRA withdrawal for a first time home purchase of > than $20k. My spouse and I were both purchasers, can I claim $10k used for 1st Home Purchase for both of us?

Thank you!

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