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?Thanks!
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst