- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
@VolvoGirl wrote:
But you might be able to CONVERT it to the ROTH if it's within 60 days? @dmertz
Good point. If it was within 60 days it could be either put back into the account from where it was withdrawn, or rolled over into a different IRA. If that different IRA was a Roth IRA, then the rollover would be a special type of rollover called a conversion. But you have to tell the IRA custodian this is a rollover, and you report it on your tax return as a rollover, not as a contribution.
‎October 24, 2023
10:23 AM