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Updated about 3 years ago on .

User Stats

47
Posts
18
Votes
James Fraundorf
  • Investor
  • Seattle, WA
18
Votes |
47
Posts

Early withdrawal from Roth IRA for DP

James Fraundorf
  • Investor
  • Seattle, WA
Posted

Question for an a cpa/accountant, I want to take an early withdrawal from my Roth IRA (contributions AND earnings) to buy my first property (not a primary residence). I know there's a 10% early withdrawal penalty for earnings but I read somewhere that is waived if you're purchasing your first property?? Also, once I withdraw my contribution and earnings is there a 60 day window where I can put those funds back into my Roth account? Thanks!