60 Day Rollover for Inherited IRA
Client has an Inherited IRA with ~$650k from her mom. She is in a pinch and needs to ‘borrow’ $300k to pay down a mortgage. Can she take the distribution from the Inh IRA, redeposit back into the account within 60 days and treat as a 60-day rollover?
Submitted by Kevin Reardon on Wed, 2024-11-27 10:55