Guest Jacki Posted January 15, 2001 Report Share Posted January 15, 2001 Have a broker telling a client that they can take a plan distribution and have 60-days to return the funds to the account before it's really considered a taxable event. In other words, it's like a short-term loan, even though loans are prohibited. Is he really saying that under the rule of one rollover per year, he can take out the funds, apply the 20% automatic withholding, and return the full amount prior to the end of the 60-day period and have it qualify as the once-per-year rollover? Comments? Suggestions? Link to comment Share on other sites More sharing options...
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