I am considering withdrawing funds from my IRA for the purchase of my first home, and I have some questions about the specifics:Are the expected taxes and penalty withheld from the funds withdrawal, with the penalty to be refunded upon filing taxes?If taxes are withheld when the funds are withdrawn, is the $10K limitation before or after tax settlement? (Net $10K or Gross $10K)What closing costs are eligible? Just the fees at settlement or the down payment also?If any of you have the answer to these questions, please give me a hand!
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