If I withraw money from an IRA, for the Down Payment on a Condo, can I replace it without paying any additional taxes?

[hartmanf]

If so, ... what is the timeframe to replace into the same IRA without paying additional taxes on the withdrawal?

Is there a maximum amount I can withdraw and replace within the same IRA.

[hartmanf]

Does it make any difference on the "60 days" limit, if I'm 68 years young?

[jim-chandler78]

OK, how do I report the pay back ?

[AmyT · Accepted solution]

The rollover window (which can also be used as a short-term loan window) is 60 days.

Any funds that you withdraw but pay back within 60 days are treated as a rollover and are not subject to income taxes or the early withdrawal penalty.  This applies regardless of the amount withdrawn and repaid.

[hartmanf]

Does it make any difference on the "60 days" limit, if I'm 68 years young?