mwiley002
New Member

I'm 61 years old. If I withdraw $s from my IRA on 12/24/19 to buy a home and replace it in January 2020, am I required to pay taxes on the withdrawal as 2019 income ?

 
rjs
Level 15
Level 15

Retirement tax questions

As long as you complete the rollover within 60 days after the withdrawal you can report it as a nontaxable rollover on your 2019 tax return, even though you don't complete the rollover until 2020.

mwiley002
New Member

Retirement tax questions

Thanks