I'm liquidating my Roth IRA to buy a home. What do I need to produce to satisfy the IRS so I'm not assessed a penality?
Appleby
Jul 26 2001, 02:08 PM
File IRS form 5329- this form, and the instructions can be obtained at www.IRA.gov, got to forms and publications, then forms and instructions
Appleby
Jul 26 2001, 02:10 PM
Just want to mention- the exception to the penalty is for a one time $10,000 limit and it must be towards the purchase or a primary residence ( for an individual who have not owned a home in the past two years)
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