60 day rollover
I have a client who takes $ 3,900/month systematic withdrawals from his IRA. He had them on 10/11/24 and 11/14/24. In addition, he took out a one-time distribution of $ 15,000 on 10/9/24. I want to do a 60-day rollover. Can I pick any of the three or can you only put back the most recent one?
Permalink Submitted by Robert Roselli on Thu, 2024-12-05 15:01
Thanks, Alan for the prompt response. I thought I had until Monday, but you are right, it’s tomorrow. We will be selling a bond fund with a small unrealized gain. This will lower his taxable income by almost $ 15,000 and it should bump him down one level for 2026 IRMMA by lowering his income by 15k.