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Level 3
posted Dec 24, 2022 7:55:45 AM

60 day rollover timing

I did a 60 day rollover in 2022. I received the funds in August and replaced them in October.  If I want to do another 60 day rollover next year, when will I be permitted to? After the October replacement date, or after the August withdrawal date? 

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1 Best answer
Level 15
Dec 24, 2022 9:48:44 AM

After the August withdrawal date.  The limitation period is defined relative to the date of the distribution, not the date of the rollover contribution.

4 Replies
Level 15
Dec 24, 2022 9:23:30 AM
Level 15
Dec 24, 2022 9:48:44 AM

After the August withdrawal date.  The limitation period is defined relative to the date of the distribution, not the date of the rollover contribution.

Level 3
Dec 24, 2022 10:06:06 AM

Thank you! So, if the funds hit my account on, say 8/18/22, I would need to wait until at least 8/19/23? 

Level 15
Dec 24, 2022 10:21:35 AM

Yes.