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use IRA to purchase first home without penalty?
I’m tubrotaxing my son and daughter-in-law’s taxes. They are likely to purchase their first home (in California) in the next few years. My son owns a rental property in North Carolina (purchased in 2006).
If they purchase traditional IRAs, my understanding is that they can withdraw the IRA funds without penalty to purchase their first home. Is this correct?
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'89 cab
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