Will I be taxed if I take money from a IRA account put it into another IRA account and then when the IRA CD matures put it back into the account where the money from?

[barba19bg]

We have no earned income as we are retired and living on SS,dividends and pensions.

[dmertz]

You can request a trustee-to-trustee transfer of the IRA.  A trustee-to-trustee transfer is neither a distribution nor a rollover because nothing is paid to you personally.  Because of this, it is not reportable and has no tax consequences.

Because an IRA CD is involved, the timing of the transfer is important.  You'll want to make sure that the transfer happens within the grace period for renewal of the CD.

[JohnB5677]

What dmertx said is correct for your situation.  However, the transfer would not be deductible on your return. 

@barba19bg

Edited 02/19/2025 | 6:52 AM PST