New relief for 60-day rollover errors
September 21, 2016
One of the pitfalls of receiving a distribution from your IRA with the intention of “rolling it over,” or depositing it into another IRA or retirement plan, is the 60-day rule. Under the rule, you’re required to complete the rollover within 60 days of receiving the distribution. If you miss the deadline, you have to include the distribution in your...
Tags: pension rollovers
Category: Taxes