60 Day rollover – beginning date
Pub 590 says, “you generally must make the rollover contribution by the 60th day after the day you receive the distribution from your Traditional IRA.” Does the IRS consider you to have ‘received the distribution’ on the date that the money left the IRA custodian, or the date the IRA owner received the check in the mail?
Permalink Submitted by Jose Morales on Wed, 2008-09-24 18:19
You want to read IRC 402(c)(3)(A)
(3) Transfer must be made within 60 days of receipt
(A) In general
Except as provided in subparagraph (B), paragraph (1) shall not apply to any transfer of a distribution made after the 60th day following [b]the day on which the distributee received the property distributed.[/b]
Here is a link: [url=http://www.law.cornell.edu/uscode/html/uscode26/usc_sec_26_00000402—-0…(c)(3)(A)[/url]