60 day rollover
60+ yr old wants to do a 60 day rollover. The money leaves his account on August 2,2022. He returns the money September 26, 2022. The institution returns the money September 30, 2022. He opens an IRA, via IRA rollover, at another institution. The check has to be sent to a P.O. Box. It arrives Oct 3, 2022.
If he received the check on Aug 4, 2022, wouldn’t that make the 60 day cutoff Oct 3, 2022? If not, any other ideas other than a list of events that lead up to this?
Permalink Submitted by Alan - IRA critic on Tue, 2022-10-04 14:34
Yes, the deadline for the new custodian to receive the rollover contribution is 10/3. Is the new custodian requesting evidence of when he received the distribution? That would be rare because receipt dates may not be documented when receiving checks by mail.