I would be taking a rollover for 60 days from my traditional IRA in November 2013 for personal use. I plan to redeposit the loan back to traditional IRA account before the end of 60 day period. Questions are:
(1) Can I select to go with 0% tax withholding?
(2) Which forms get issued to me when I take the money out and then re-deposit it?
(3) As the loan would be taken in November 2013 and deposited in January 2014, how does it work out with taxes as 2 different tax year would be involved?
Thanks
Traditional IRA 60 DAY ROLLOVER
Moderator: Mark T Serbinski CA CPA
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