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In your article, "IRA Withdrawal (Penalty-Free) for Homebuyers" written by Roy Lewis (TMF Taxes)

He states,

"So, the distribution must be related to the purchase of the property and can't be used for other home-related expenses such as furnishings or general home repairs or maintenance."

Does this mean that updating kitchen counters, bathroom cabinets, dining room floor, and painting the interior of the house, all very much needed, are not allowable uses of an early SEP withdrawal in conjunction with buying first house?


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