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sneunz
New Member

I withdraw money from IRA in 2019. Am I able to return it to another IRA before tax deadline 2020 to avoid tax?

 
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1 Reply
AmyC
Expert Alumni

I withdraw money from IRA in 2019. Am I able to return it to another IRA before tax deadline 2020 to avoid tax?

When you withdraw money, you have 60 days to roll it into the new investment. After that, it is taxable.

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