I've taken the requirements for the $10,000 IRA First time homebuyer distribution from IRS Publication 590-B:
- It must be used to pay qualified acquisition costs (defined
next) before the close of the 120th day after the
day you received it.
- It must be used to pay qualified acquisition costs for
the main home of a first-time homebuyer (defined below)
who is any of the following.
b. Your spouse.
c. Your or your spouse's child.
d. Your or your spouse's grandchild.
e. Your or your spouse's parent or other ancestor.
- When added to all your prior qualified first-time homebuyer
distributions, if any, total qualifying distributions
can't be more than $10,000.
Qualified Acquisition Costs are outlined below:
Costs of buying, building, or rebuilding a home.
Any usual or reasonable settlement, financing, or
other closing costs.
Date of Acquisition
The date of acquisition is the
date that you enter into a binding contract to buy the main
home for which the distribution is being used
Home improvement and repairs are not defined as a qualifying expense and the home purchase was more than 120 days ago. It does not appear that you qualify for the IRA distribution without penalty.
If this is a Roth IRA, you are allowed to withdraw your contributions at any time without penalty.