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The $10,000 limit is a lifetime limitation on the amount of withdrawals in total that can be pulled out of all your traditional or Roth IRAs penalty free under the first-time homebuyer provision.

At the risk of confusing the OP, who seems pretty confused already, there is a way to "reset" the lifetime limitation. If you use the $10K FTHB provision and subsequently sell the home, you can requalify for another FTHB if you do not own another home for two years. Before you attempt to use this reset, read the rules very carefully.

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