| 释义 |
Qualified Acquisition Cost
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. Investopedia Says:
These include the following items:
- Costs of buying, building, or rebuilding a home.
- Any usual or reasonable settlement, financing, or other closing costs. Related Terms:
First-Time Homebuyer |