Took out $10K for first time home purchase but the deal fell through

[anna_1]

Hello everyone! Is it possible to put $10K back into IRA if the deal fell through? I'm within 120 days window from withdrawal day, and it was a qualified first time home purchase. 

Another question: since the deal fell through, would it be possible to do another withdrawal at some point, under the same exemption (first time home purchase)? 

[dmertz]

If the distribution was from an IRA, the answer to both questions is Yes.  A rollover for this reason is disregarded with respect to the one-rollover-per-12-months limitation.  By rolling over the distribution you have no reason to claim a first-time homebuyer penalty exception, so it remains available to you.