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Updated over 9 years ago on . Most recent reply

User Stats

192
Posts
56
Votes
Patrick McCandless
  • Residential Real Estate Broker
  • Paso Robles, CA
56
Votes |
192
Posts

Contributing to IRA and using funds for home purchase

Patrick McCandless
  • Residential Real Estate Broker
  • Paso Robles, CA
Posted
I know I will get the "consult your accountant" answer, but can someone either with personal experience or definitive knowledge on the subject tell me if I'm able to contribute my max towards a new IRA for the 2015 tax year in order to save on taxes and then deduct those contributions most likely late 2016 to put toward a down payment on a primary residence?

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