Client is purchasing a home and will need to pull funds from an inherited IRA. They need to net $55,000 for the home down payment. This is a first time home purchase so $10,000 won't be subject to penalty but the balance will have 10% penalty. 

Client's AGI will be about $130,000. MFJ standard deduction will be used. Has anyone calculated how much you will need to increase the IRA deduction to cover the taxes and penalty and net the $55,000.00 for down payment?