Taxpayer wants to withdraw some money from his traditional IRA and he will return it
within 60 days. IRS says it will be a tax-free withdrawal within 60 days in a year.
Taxpayer already withdrew some amount. He needs more money and wants to withdraw
a second time. Can he withdraw several times within 60 days and repay the full amount
within 60 days? Is it still considered a tax-free withdrawal?
within 60 days. IRS says it will be a tax-free withdrawal within 60 days in a year.
Taxpayer already withdrew some amount. He needs more money and wants to withdraw
a second time. Can he withdraw several times within 60 days and repay the full amount
within 60 days? Is it still considered a tax-free withdrawal?
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