turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

IRA and Roth IRA distributions and 60 day limit

This year, 2023, I took money out of my IRA and my Roth IRA to buy a lake cottage. I also paid Federal and State taxes on the money I took out of my IRA. I have also sold some property this year, so I am able to put some of the money back into my IRA and Roth IRA within the 60 day limit.

My question is when I put the money back into my IRA and Roth, is there anything special that I need to do with my Financial institution (Fidelity) besides just sending them the money?

Is there any special type of paperwork that I need to do when I file my 2023 taxes next year? 

Is the money that went to Federal and State taxes refundable? Do I have to wait until I file my 2023 taxes to get the refunds?

Are there any other situations that I need to be away of?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies