Can I claim the money that I took from my IRA to put a roof on my property against my IRA?

I withdraw funds from my IRA to put a new roof on my property. Can I use the money to reduce my IRA tax penalty?

posted

Connect with an expert

1 Best answer

Accepted Solutions

Can I claim the money that I took from my IRA to put a roof on my property against my IRA?

Sorry, but there is no exception to the penalty for home improvements, only the first time purchase of a home.

View solution in original post

1 Reply

Can I claim the money that I took from my IRA to put a roof on my property against my IRA?

Sorry, but there is no exception to the penalty for home improvements, only the first time purchase of a home.

Still have questions?