From TheBalance.com….
There are subtle differences between what is considered an IRA rollover, and what is considered an IRA transfer. The important thing to know – with either one for the rollover to be tax-free, the funds must be deposited in the new account no later than 60 days from the time they were withdrawn from the old one (unless it’s a trustee-to-trustee transfer, as discussed in more detail below).1
Below are things you need to know about how these IRA rollovers and transfers work, and what you can and cannot do.