jeffmcpa2010
Level 11
02-17-2022
02:59 PM
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I think you are talking about this "a "60-day rollover" occurs when you receive a distribution from your IRA, and deposit the money into another IRA or back into the same IRA within 60 days. If you comply with the 60-day deadline, the distribution is not taxed. If you miss the deadline, you will owe income tax, and perhaps penalties, on the distribution.
I think you would want to see the actual paperwork to be certain that the 60 days was met, (Not someone figuring that 2 months was close enough).
60 day rollover's are limited to 1 "In any one year period".
Enter in section B on page 2 of the 1099-R worksheet. (I think)