Common use of Day Rule Clause in Contracts

Day Rule. You must contribute the money to a traditional ▇▇▇ within 60 days after you receive the distribution. The 60- day period may be extended if the money cannot be withdrawn from a financial institution because it is in financial trouble. The 60-day period is automatically extended in certain situations where the deadline is missed solely because of the error of a financial institution. You may be able to obtain an IRS waiver if applying • Once-a-Year Rule. A traditional ▇▇▇ distribution cannot be rolled over if any other distribution from the same traditional ▇▇▇ has been rolled over during the preceding 365 days.

Day Rule. You must contribute the money to a traditional ▇▇▇▇ ▇▇▇ within 60 days after you receive the distribution. The 60- 60-day period may be is extended if the money cannot be withdrawn from a financial institution because it is in financial trouble. The 60-day period is automatically extended in certain situations where , or if the deadline is missed solely because of the error of a financial institution. You may be able to obtain an IRS waiver if applying • Oncethe 60-a-Year Rule. A traditional ▇▇▇ distribution cannot day deadline would be rolled over if any against equity or good conscience, including due to casualty, disaster, or other distribution from the same traditional ▇▇▇ has been rolled over during the preceding 365 daysevents beyond your reasonable control.