Withdrawing from IRA for first home down payment Hello,
My wife and I have about 35K in our IRA and we want to cash all of it for a down payment on our first home. Can we cash the entire amount and then claim that 20K was used towards down payment so that there will be a 10% penalty only on the remaining 15K? Is it better to cash the $20K and the remaining $15K in separate withdrawals?
Thanks
B |