IRA Rollover
If you have cash in an IRA and low cost basis stock in a nonqualified account. Can you transfer cash out of the IRA and do a 60 day rollover back into the IRA by moving the low cost basis stock into the IRA instead of the cash you pulled out?
Permalink Submitted by Alan - IRA critic on Fri, 2019-12-27 16:56
No. If an IRA distribution is made, the property rolled back must be the same property that was distributed. Therefore, if cash was distributed the rollover can only be completed in cash.