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dpmilkman
New Member

Can I withdraw from an ira and pay it back to not pay taxes

 
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4 Replies

Can I withdraw from an ira and pay it back to not pay taxes

You will need to pay back the IRA withdrawal no later than 60 days after it was withdrawn to avoid the withdrawal being taxed.

Can I withdraw from an ira and pay it back to not pay taxes

And put back any withholding that was taken out from your own money.  Or the withholding will be a taxable distribution and 10% Early Withdrawal Penalty if you are under 59 1/2.  

dpmilkman
New Member

Can I withdraw from an ira and pay it back to not pay taxes

Thanks!

dpmilkman
New Member

Can I withdraw from an ira and pay it back to not pay taxes

Thanks for the additional details!

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