Tira Rollover
Let’s say, a person takes a TIRA distribution in late 2010 to cover year end expenses. In 2011, he takes another TIRA distribution (separate acct.) and replaces the 2010 distribution, all within 60 days. Will this shift the tax liability to 2011?
Permalink Submitted by Alan Spross on Mon, 2010-11-01 20:56
Yes. The 2010 distribution will have to be reported as rolled over.