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Financial Planning / Tax Strategies


Subject:  Re: IRA withdrawal Date:  9/27/2000  1:38 AM
Author:  TMFExRO Number:  40349 of 127613

I withdrew money for the purchase of my first home and was wondering how much time do I have to open a new account if I wanted to put some if not all the money back in a IRA.

You have 60 days from the date of withdrawal to roll the funds back into an IRA. If you do so, you can't do another rollover for 12 months. Details are in IRS Publication 590.

Phil Marti
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