paschalleddie1
Junior Member
What is the name of your state? PA
I needed short term funding to purchase a home and made several withdrawals from my IRA accounts. I am still within the 60-Day rollover window for all the distributions but I have some concerns since I made three (3) separate withdrawals. I need advice on any issues in rolling over the money:
The withdrawals were made as follows:
Brokerage ABC
Account 1: Traditional IRA - $25,000 Withdrawal
Account 2: Rollover IRA - $47,000 and $25,000 Withdrawals (2)
All three withdrawals were made less than 60-days ago.
Can I rollover $25,000 to Account 1 and $72,000 to Account 2? Someone at the Brokerage thought that I could only due one indirect rollover per year. I believe that I can due one per account? Can someone clear this up.
ThanksWhat is the name of your state?
I needed short term funding to purchase a home and made several withdrawals from my IRA accounts. I am still within the 60-Day rollover window for all the distributions but I have some concerns since I made three (3) separate withdrawals. I need advice on any issues in rolling over the money:
The withdrawals were made as follows:
Brokerage ABC
Account 1: Traditional IRA - $25,000 Withdrawal
Account 2: Rollover IRA - $47,000 and $25,000 Withdrawals (2)
All three withdrawals were made less than 60-days ago.
Can I rollover $25,000 to Account 1 and $72,000 to Account 2? Someone at the Brokerage thought that I could only due one indirect rollover per year. I believe that I can due one per account? Can someone clear this up.
ThanksWhat is the name of your state?