Quote:
Originally Posted by TSO/ISPF
Buying a house. Want to use a 60 day rollover to pay for part of the new house while waiting to sell existing home. Can I take 300K out of my IRA to cover that cost and pay it back within 60 days without incurring any taxes. Has anyone done this. The IRS examples can be confusing.
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Yes you can, I’ve done it before. Just keep in mind the 60-Day is 60 calendar days, including weekends, Sundays and holidays.