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Subject:  IRA's and First Time Home Buyer Date:  12/2/1999  1:43 PM
Author:  ToddRA Number:  15838 of 90479

I understand that $10,000 can be withdrawn from an IRA without paying a penalty for first time home purchases. Is this available for both traditional IRA's and Roth IRA's? Also, is the $10,000 limit a per person limitation? Can my wife and I, filing married jointly and purchasing a first home, each withdraw $10,000 from our seperate IRA's to purchase the same house for a total of $20,000 withdrawn between the two of us?
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