IRA Question

[Porsche993]

Can I roll over an IRA that's was distributed to me over 60 days ago? I heard that I can if I use a Self Certification proceedure or something like that.  The Equity Trust Co disburst the IRA check to me in December 2022 and I cashed it into my Truist MM Account.  A 2022 -1099R was sent to me also.

Thanks,

Ken

[PattiF]

Yes, it is possible to use a Self Certification. This is not done through your tax return. 

Here is more information from the IRS about this and the letter that you send to the IRS. Watch the video in additional resources below to get started with the Self Certification procedure.

Additional resources

• New Procedure Helps People Making IRA and Retirement Plan Rollovers
• YouTube video - IRA/Retirement Plan 60-Day Rollover Waivers (.57 secs.)
• Treas. Regs. Section 1.401(a)(31)-1, Q&A 14PDF
• Revenue Ruling 2014-9