60 day rollover window to “borrow” funds
❓ If an IRA holder wanted to take money out (partial withdrawal) of his IRA to use it for less than 60 days, can he put it back into the same IRA as a “rollover” or would it have to go to a different IRA account to be considered a rollover within the 60 day window?
Permalink Submitted by Jose Morales on Tue, 2010-10-12 16:16
As far as the IRS is concerned, you can rollover the funds to the same IRA from which they were withdrawn. Please note however that depending on the product in which the initial investment was made, you may or may not be able to roll the funds back to the same account.