RA ▁A ▁loan ▁from ▁an ▁I RA ▁is ▁prohib ited . ▁It ▁is ▁considered ▁a ▁prohib ited ▁transaction ▁and ▁the ▁I RS ▁may ▁dis qual ify ▁your ▁plan ▁and ▁tax ▁you ▁on ▁the ▁assets . ▁Some ▁use ▁the ▁ 6 0 - day ▁rol lo ver ▁as ▁a ▁way ▁to ▁tempor arily ▁take ▁funds ▁from ▁an ▁I RA . ▁A ▁particip ant ▁will ▁take ▁a ▁distribution ▁and , ▁in ▁turn , ▁all ▁or ▁some ▁of ▁the ▁distribution ▁that ▁the ▁particip ant ▁takes ▁may ▁be ▁rolled ▁back ▁into ▁the ▁same ▁I RA ▁plan ▁within ▁the ▁allowed ▁period ▁to ▁retain ▁its ▁tax ▁de ferred ▁status . ▁One ▁ 6 0 - day ▁rol lo ver ▁is ▁allowed ▁every ▁rolling ▁ 1 2 ▁months , ▁per ▁I RA . ▁For ▁instance , ▁if ▁you ▁withdraw ▁any ▁amount ▁from ▁I RA - 1 ▁and ▁depos it ▁it ▁into ▁I RA - 2 ▁( as ▁a ▁tax - free ▁rol lo ver ), ▁you ▁cannot ▁make ▁another ▁tax - free ▁rol lo ver ▁of ▁any ▁funds ▁from ▁I RA - 1 ▁or ▁I RA - 2 ▁for ▁ 3 6 5 ▁days . ▁However , ▁this ▁would ▁not ▁prevent ▁you ▁from ▁making ▁a ▁tax - free ▁rol lo ver ▁from ▁another ▁I RA . ▁ ▁See ▁also ▁Com parison ▁of ▁ 4 0 1 ( k ) ▁and ▁I RA ▁accounts ▁Form ▁ 1 0 9 9 - R ▁ ▁External ▁links ▁ ▁I RS ▁Public ation ▁ 5 9 0 - A ▁( I RA ▁Cont ribution