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Marvin,EA, Enrolled Agent
Category: Tax
Satisfied Customers: 1672
Experience:  Enrolled to Represent Taxpayers Before The IRS
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How many times during a year can a person withdraw from his ...

Resolved Question:

How many times during a year can a person withdraw from his IRA and then roll the funds back to the same IRA?
Submitted: 8 years ago.
Category: Tax
Expert:  Marvin,EA replied 8 years ago.
Hello and thank you for using Just Answer. What are the reasons for the withdraw? Borrowing money from a IRA is a prohibited transaction. If the withdraw is to rollover from one IRA to another IRA, each IRA can be rolled over no more than once every 12 months.
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