Replacing IRA withdrawal
If someone made an Early (pre 59 1/2) Withdrawal from an IRA and then wanted to replace the money later, is it possible? Could the 10% penalty be avoided? What is the deadline for doing so? This would not be a typical contribution for any tax year but rather a way to replace money needed for an emergency situation.
Permalink Submitted by [email protected] on Wed, 2007-08-22 20:19
Yes, if done within 60 days of the w/d date.