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New Member
posted Jun 4, 2019 4:31:35 PM

I missed the 60-day role over window from my IRA - now what do I do?

0 6 2106
6 Replies
Level 15
Jun 4, 2019 4:31:36 PM

What was the reason that you missed the rollover deadline?

Level 15
Jun 4, 2019 4:31:37 PM
Level 15
Jun 4, 2019 4:31:39 PM

As I said in the other post you will get a 1099R for it from the IRA account.  And we never understood how or exactly where you moved it.  You should ask the IRA plan if it was an actual distribution and what code will be on the 1099R box 7.

Level 15
Jun 4, 2019 4:31:40 PM

While the deadline can be waived for certain extenuating circumstances, if it was simply your choice not to roll over the distribution before the 60-day deadline, Opus 17's answer applies.

Level 15
Jun 4, 2019 4:31:42 PM

Pay the tax.  

Level 15
Jun 4, 2019 4:31:43 PM

and the 10% penalty if applicable.