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IRA Annuities,401K, Rollovers, 60 time period to roll over rule – IRS Rule

December 12, 2010
Written by: steve

Rollovers – Pensions/Annuities/Retirement Plans (i.e., 401 (k) plans, etc.)

Question: How long do I have to roll over a retirement distribution?

Answer:You must complete the rollover by the 60th day following the day on which you receive the distribution. For information on distributions which qualify for rollover treatment, refer to Tax Topic 413, Rollovers from Retirement Plans. For information on the Direct Rollover Option, refer to chapter 1 of Publication 590, Individual Retirement Arrangements (IRAs). To qualify for an automatic waiver or to obtain a waiver of the 60 day rollover requirement see ” Retirement Plans FAQs relating to Waivers of the 60-Day Rollover Requirement.

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