What is an IRA Rollover?
An IRA Rollover occurs when you withdraw funds from an IRA as a taxable withdrawal. You can then use the funds for up to 60 days, then deposit the funds back into an IRA as a rollover.
- This can be done 1 time per year.
- The withdrawal shows on your taxes, but the withdrawal is not taxable as long as the funds are deposited back into an IRA within 60 days.