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Future Insight – The Jenkins
(thejenkinscomic.files.wordpress.com)
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this post was submitted on 03 Oct 2023
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You will pay tax on the growth, but not on the initial deposit. But that's just because you would be taxed twice.
Actually, there's a carveout for first-time homebuyers that applies to Roth IRA distributions, assuming the account is more than 5 years old. Their example actually holds true even if the applicability of the strategy is a lot more narrow than the commentor first expressed.