Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
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.

thank you for your responce

George Heywood
Print the post Back To Top
No. of Recommendations: 0
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.

TMF ExRO
Phil Marti
Print the post Back To Top
Advertisement