<< Is there a limit on the "first time home buyer" distribution from a Roth IRA? >>Yes.To begin with, having looked at your subject (for a change), I want to caution you that a distribution from a Roth IRA for a first-time home purchase is not a "qualified distribution." For distributions to be "qualifed" (i.e., you pay no tax), you must be 59 1/2 AND the Roth must be at least 5 years old. So, if you're distribution is nonqualified, you will pay tax on any earnings (and possibly some contributions, if you're taking converted funds.)The first-time home buyer exception is from the 10% premature distribution penalty, which will apply to anything beyond your Roth contributions. There is a $10,000 lifetime limit to such exclusions. You can read much more about the ordering rules, the special rules for conversions, and the home buyer exemption in the FAQ and IRS Publication 590.TMF ExROPhil Marti
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