As dmertz said, you cannot take a loan from an IRA - you can only take a distribution which can be rolled back withing 60 days from the date of the distribution but one one such rollover per year is allowed. The 60 days is absolute - wait 61 days and it will not qualify for a rollover, also don't wait to the last minute since some financial institutions can take up to 3 business days to post a rollover which counts to the 60 days.
**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.**
