Jim Chad Posted September 12, 2013 Posted September 12, 2013 Participant bought a house (primary residence)with a Partner some time ago. Now, they do not get along and Participant wants to buy the other half of the ownership of the house. Does this qualify for hardship withdrawal? Could a loan be for 30 years?
QDROphile Posted September 12, 2013 Posted September 12, 2013 The IRS in informal Q&A statements at an ABA session said that purchasing the remainder of an undivided interest in an individual's principal residence qualifed as purchase of a principal residence. I do not remember the year. The infomation was reference in the Message Boards, with a cite or link, more than two years ago. You might find it if you seach.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now