IRA funds for 1st time home owner in my Maidan name?

[york1169]

I bought a few houses when I was married over the 27 years, but 07/2018 I bought a house by myself as a single women after my divorce.  Does this count so I  don't have the extra penalty for early withdrawal?

[Zbucklyo · Accepted solution]

If you haven't owned your primary residence for the past two years, you are exempt from the 10% penalty on an IRA withdrawal as a "first time homebuyer".  In other words, if you moved out of your owned home and lived in rental properties for more than two years, you're good to go.

[york1169]

Perfect, I completed 2 years of renting before I was able to purchase due to re-building my credit!  THANK YOU

[Zbucklyo]

Just remember that only 10K is penalty-free.

[york1169]

I used under 6K