Yes, You have 60 days from the date you receive an IRA for a retirement plan distribution to roll over to another plan or IRA.
To correctly post this go back to the original posting for the 1099-R distribution.
- Enter your 1099-R details into the input screen
- Be sure the Box below Box 7 is checked for an IRA
- Continue through the interview until you come to
- Tell us if you moved the money through a rollover or conversion
- Select I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)
- Continue to the end of the interview.
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