I withdrew money from my Roth IRA for purchase of a second (vacation) home. Does this qualify as using to buy a first home?

[Howard1948 · Accepted solution]

Probably not.  The IRS defines a First-Time Homebuyer as:

"First-time homebuyer.   Generally, you are a first-time homebuyer if you had no present interest in a main home during the 2-year period ending on the date of acquisition of the home which the distribution is being used to buy, build, or rebuild. If you are married, your spouse must also meet this no-ownership requirement."

[Opus 17]

In other words, you can't have owned the home you lived in for at least 2 years up to the closing date of the home you bought.  You could own another house and rent it out, but you can't have owned the home you lived in.