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Phil, I am confused.

I've just spend 20 minutes browsing pub 590 as you have suggested. Page 42 lists QUALIFIED distributions from Roth IRA. Those are (quoting the publication) the ones that satisfy the following requirements:

5 year rule (a biggie)
ONE of the following
1) age 55.5
2) disability
3) death
4) first time home buy (per regular IRA as discussed earlier in publication)

If you read the paragraph immediately below you will see also that first time home buy after five years but before age 59.5 is NOT NOT Qualified. Two NO's make a yes, or did I get my logic skewed?

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