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March 14, 2021
Question

I am 65. In 2020 I withdrew $30K from my IRA and invested it into a house. Is this taxable if invested the money into another asset, ie., a house?

  • March 14, 2021
  • 1 reply
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This is from a Standard IRA, not Roth.

1 reply

fanfare
Employee
March 14, 2021

yes it is taxable. that's how IRAs work, you pay tax when you take the money.