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Retirement tax questions
It is a 60 day rollover except the law extended the 60 day period to the due date or extended due date of the tax return. The financial institution does not need to know any for the details other than you tell them that is is a qualified indirect rollover. Your other financial business is none of their business. For all they know, you closed an IRA with xyz bank last week and want to roll that money into your account.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
May 11, 2021
5:52 PM
1,458 Views