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Author: BrianKHoff Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 118626  
Subject: IRA Penalties Date: 1/5/2001 9:18 AM
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My fiance' and I bought a house this year. I withdrew my IRA of $7606. Most of it was used as the down payment on the house. I understand that the 10% penalty applies to what I didn't use towards the down payment. My question is how much of the $7606 do I have to claim on my taxes? Due to my current employer having a 401k I had not deposited any money in the IRA in years. The money that I did put in there was already taxed. Do I still have to put the $7606 on line 15b of form 1040?

Also, since I pay more than half of the house hold expenses but she has a dependent who should claim head of house hold?
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