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If I decide to take a withdrawl from my Roth IRA and used the money to buy my second house that I'll ever what are the tax consequences of this action.

Its been 6 months since I sold my home


This will be a "nonqualified" distribution from your Roth IRA unless you're 59 1/2 and the Roth has been open since 2000. Since you're not a "first-time" homebuyer under the law, what you do with the proceeds is irrelevant.

See the ordering rules for nonqualified distributions in IRS Publication 590 for information on the tax and penalty implications. If you can't make sense of them, let us know the total of contributions and conversions (separately) and when any conversions were made.

Phil
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