Thursday, November 10, 2011

IRA Rollover to avoid taxation and penalty. Does the rollover have to equal the distrubution amount?

I received a check from a defined benefit plan upon switching jobs. I want to reinvest it before the 60 days to get rollover credit, but I don't want to deposit the entire amount. Can I get tax credit for a partial reinvestment or does it have to be the entire thing in order to count?

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