- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Roth IRA Rollover 60 day rule
I initially had my money (10,000) invested in a Roth IRA in Bank A. I found that Bank B had better investment options. Instead of doing a direct rollover of the Roth IRA, I mistakenly withdrew the Roth IRA from Bank A.
I deposited 5000 into Bank B a week later. I then deposited the last 5000 another week later also into Bank B Roth IRA. This was all in the same 60 days and with the same money but I deposited with two checks. Is this okay to do? Or will I have to pay taxes? Is there a way to waive if I do have to pay taxes?
Topics:
‎June 6, 2019
10:32 AM