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Subject:  IRAs & that 10k first-time home distribution Date:  2/12/2001  11:47 AM
Author:  rebgul Number:  46238 of 132471

When I took my 10k first-time home purchase distribution a month ago, I went ahead and let the IRS take a 10 percent cut for taxes (not the penalty tax - the regular taxes that you have to pay anyway). Well, the home purchase fell through, and now I have month or so to get the money back in the IRA. So my questions are do I put back just the 9k or do I have to come up with another 1k? And how do I let the IRS know? And can I get that 1k back from the IRS?
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