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Subject:  Re: Can my IRA invest in my home? Date:  2/6/2001  10:29 AM
Author:  Caloua Number:  27707 of 88430

A friend of mine took 10K from his,either IRA or 401K, for a downpayment on his first home. It was not a loan. He doesn't have to pay it back. However, he did have to pay taxes, but no penalities were applied. Check with your employer as to what rules apply to your particular plan.
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