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Updated about 1 year ago on . Most recent reply
![Kaelyn See's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2753394/1712103306-avatar-kaelyns2.jpg?twic=v1/output=image/crop=200x200@0x0/cover=128x128&v=2)
Need Advice on Using Retirement Brokerage for Home Downpayment
Coming on here because our real estate agent nor local CPA can confirm. We'd like to purchase a home using my grandmother's (retired for over 10 years) funds from her retirement brokerage and brokerage account for a downpayment. We heard that there is a way to rollover this money into the downpayment without withdrawing the money directly and it being taxed as an income for my grandmother. Any advice?
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![Joe Homs's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/193243/1621432275-avatar-joehoms.jpg?twic=v1/output=image/cover=128x128&v=2)
@Kaelyn See maybe convert it to a self-directed account? Is this going to be a loan? I would reach out to @Dmitriy Fomichenko to ask his opinion.
Good Investing...
- Joe Homs
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