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Retirement tax questions
So I have Traditional IRAs with 2 different brokerages. Would I be in safer territory if I deposited the amount I took as distribution back in February to the other Traditional IRA, so that it was in fact a rollover contribution? Would I be risking IRS attention by returning the amount to the same Traditional IRA? The distribution wasn't originally intended as a rollover, but by effectively moving the money from one Traditional IRA to another within the extended time frame allowed, it would in effect become a rollover.
‎July 11, 2020
1:10 PM