Taxpayer has an IRA and has never owned a home. He is moving overseas for a new job. He plans to buy a home there, and wants to take out $10,000 from his IRA to do so.
The question is: is he exempt from the 10% early withdrawal penalty, even though the first-time home purchase is overseas, outside of the United States?
I haven't been able to find any limitation anywhere on this, even though it seems like there would be.