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Subject:  Using IRA for Home Purchase Date:  4/26/2001  8:56 AM
Author:  c130king Number:  29332 of 88011

Fellow Fools,

Asking for a friend. He has a Roth IRA which was a traditional that was converted in 98. His wife still has a traditional.

They are military and move around frequently. He bought a house in 97 and sold it in 00. Now he is moving and buying a new house.

Question is can he use his or his wife's IRA to help make downpayment. Is the rule for using IRA limit them to the first house they ever buy or just use the IRA funds one time.

Thanks in advance,
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