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Financial Planning / Tax Strategies


Subject:  Re: IRA early Withdrawal Date:  8/9/2001  1:22 AM
Author:  Bob78164 Number:  53192 of 127537

irasmilo writes (in part):

You don't have to repay anything. In fact, you can't repay anything.

I reply:

I'll pick a nit. You can repay any or all of a withdrawal from an IRA back to the IRA (or a different one, for that matter) if you do so within 60 days of the original withdrawal. It's simply treated as a rollover (as I'm sure Ira knew but overlooked in this context). --Bob
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