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Retirement tax questions
If you took this as a withdrawal (and not a loan), you can put the funds into a Rollover IRA (at a custodian of your choice) within 60 days of the withdrawal. You must not have had any other IRA Rollovers within the previous 12 months (trustee-to-trustee transfers don't count in this.)
If it has been more than 60 days, you will be taxed on the money unless you can show that you suffered a casualty, disaster, or some other event beyond your reasonable control. This doesn't have to be a federal disaster, but you will need evidence to support that reasons beyond your control prevented you from making the rollover within the prescribed period of time.
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‎December 15, 2023
11:35 AM
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