Receiving IRA Funds AFTER Date of Closing?
If you are planning to withdraw the $10,000 from your traditional IRA to make the down payment on a house, do you have to have completed the withdrawal and placed the money into your checking account before the date of closing? Or can you initiate the process, and if you do not receive the funds before closing, pay those closing and down payment costs from your bank account, and then indicate the withdrawn funds were used for that purpose when it is time to file taxes?