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URL:
http://boards.fool.com/dear-kat-guru-thanks-for-the-info-regarding-the-10140863.aspx
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| Subject: Re: IRA First Home Exception and two kids | Date: 3/29/1998 1:38 PM | |
| Author: DrMerlot | Number: 3108 of 118719 | |
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Dear Kat guru: Thanks for the info regarding the first home exception. As I now understand it, I have up to 10K$ to use, without the 10%additional tax, for all my kids' first homes. That isn't much, but is better then nothing. Does my wife also have the 10K$ limit or is she bound by my distribution? We file jointly. Thanks again for your help Dr. Merlot |
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