I pulled IRA funds for RE transaction, 60 days up in 2019.....

[Ryan Moore]

End of November, I withdrew money from my IRA to fund a real estate transaction. I was informed that I can withdraw funds from my IRA once per year and not be taxed/penalized as long as it gets back into the IRA within 60 days. That 60 days is not up until January 2019. If I do not get money back into the IRA before end of 2018, will I have to pay taxes and penalties for my 2018 taxes and then my 2019 taxes will have that reversed? Or will I not have a taxable event in 2018 since the 60 days carries over into 2019?