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    Concepts in Federal Taxation
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    Exam 15: Choice of Business Entity-Other Considerations
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    Peter Opened His IRA in 2003 and Withdrew Money to Purchase
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Peter Opened His IRA in 2003 and Withdrew Money to Purchase

Question 69

Question 69

True/False

Peter opened his IRA in 2003 and withdrew money to purchase a house in 2016.Since the distribution qualified as a "qualified first-time-homebuyer expenses," it is not subject to the 10% early withdrawal penalty.

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