You can’t take a loan from an IRA. You must return the withdrawn amount within 60 days to avoid a penalty. In addition, you can perform an IRA-to-IRA rollover only once during 12 months. As of Jan. 1, 2015, the tax court ruled that all of your traditional IRAs are treated as one IRA for this purpose. (Before this date, the IRS applied the rule separately to each of your IRAs.)
