I own a rental dwelling and a land parcel, but I do not own my primary residence. I have not owned a primary residence for more than two years. Do I qualify as a "first-time home buyer" for the purpose of the $10K penalty-free withdrawal from my IRA? Mike already answered your question, but I wanted to add my thoughts on taking money out of your IRA for a home purchase. May I respond by pointing you to one of my earlier responses to this topic? http://boards.fool.com/Message.asp?id=1040014011203002In your case, why not dispose of the rental or the parcel to get the funds for your down payment? IMHO, you'll be better off in the long run.--PeterPS - the same apologies for the rant still apply.
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