Roth withdrawals to purchase home an do 60 day rollover
I have a client that asked the question if they could withdraw funds for the purchase of a home and then put the amount back into the roth similar to a 60 day rollover for an IRA. I have not seen anything on this. Does anyone know the answer?
Permalink Submitted by Alan Spross on Wed, 2010-04-21 21:59
You can complete a 60 day rollover regardless of how you used the funds. You just need to be able to replace the funds and you also must still be eligible for a rollover since there is only ONE rollover allowed per 12 month period per IRA account.