Question: Is this statement correct regarding IRA rollovers? Is this a correct option? Taxpayer is changing employers and decides to withdraw their Traditional IRA to help
Is this statement correct regarding IRA rollovers?
Is this a correct option?
Taxpayer is changing employers and decides to withdraw their Traditional IRA to help with moving expenses. Taxpayer withdraws the money on September of the current year and is thrilled to have a new home set up for less than the cost anticipated. Taxpayer is able to rollover the full amount of the withdrawn Traditional IRA into a new account on November of the same year.
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