Penny age 52 takes a distribution of $30,000 from her traditional IRA account. She plans to deposit it in an IRA with a different bank. Shortly after the distribution she drives her car through the front window of her credit union in a freak accident, and uses the funds to pay for the damages. What income and /or penalties related to the failed roll over must she show on her tax return? 2nd request for this question. not satisfied with the first expert answer