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Good day to all. I have money in a mutual fund that I would like to use as a down payment on a home. Does anyone know if this would be considered income and if I would have to pay income taxes on it first? I'm very new to this, so if it's a silly question, please bear with me.

Also, I plan on taking advantage of the one-time ability to withdraw $10,000 from my IRA to use as a down. I realize that this is considered income, but how does that work exactly with regards to my home purchase and tax filing?

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