ZALIS GLOSSARY: qualified-acquisition-cost
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
These are items, in the context of IRA withdrawls, that constitute penalty free withdrawls for an IRA owner who uses the assets to purchase a first home.
Notes:
These include the following items:
- Costs of buying, building, or rebuilding a home.
- Any usual or reasonable settlement, financing, or other closing costs.