Hello Intuit Community,
In 2020 I withdrew $60,000 from my Roth IRA because of hardships created by the pandemic. The $60,000 equals about the same as what I've contributed to my Roth IRA over the past 20 years. I am trying to find out how long I have to redeposit the funds. I know that under the CARES Act, distributions from traditional IRAs can be redeposited within three years. And I also know that under normal circumstances, I have 60 days to redeposit funds into a Roth IRA. But I've read conflicting articles about the Roth IRA withdrawals / redeposits in relation to the CARES Act. Not even my investment company (T Rowe Price) or my bookkeeper seems to know for sure. Thanks.
