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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 127519

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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