Taxpayer's who are 66 yrs old took money out of spouses traditional IRA to pay cash for a house with intentions to pay it back within the 60 day rollover period. The husband was expecting a big inheritance to pay back the IRA. The inheritance money isn't going to be here in time to meet the 60 day rollover deadline.

Can the taxpayer (the husband) take a distributions from his IRA to pay back and meet her 60 day rollover deadline? And then when he gets his inheritance within in a few weeks, then he can pay back his IRA within the 60 day period?

Will that work?

I know there is some limitations on the number of rollovers you can do, but is that per taxpayer?