Guest Doogie61 Posted March 23, 2010 Posted March 23, 2010 I know you can "borrow" from your IRA for 60 days and as long as the money is returned BEFORE the 60 day period it's not a taxable distribution. What if the person did not return it to the IRA but instead deposited it into a Qualified Retirement plan before the 60 day period was up? Would that still be OK? Doug
J Simmons Posted March 23, 2010 Posted March 23, 2010 It is okay, but make sure you don't do this twice in 12 months time. John Simmons johnsimmonslaw@gmail.com Note to Readers: For you, I'm a stranger posting on a bulletin board. Posts here should not be given the same weight as personalized advice from a professional who knows or can learn all the facts of your situation.
Guest Rajeev Posted March 27, 2010 Posted March 27, 2010 You can only do that from a tax deferred IRA not from a Roth IRA... one cannot rollover from a Roth IRA to a Roth component of the Qualified Plan (aka Roth 401(k))
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