I was laid off in 2020 due to Covid-19 , I took a distribution from my qualified Retirement plan ( this is a rollover IRA from previous employment ) I have new employment in late 2020 and am able to make employee contributions to a retirement plan. Can I count these as Repayment of the COVID-19 Distributions or do I need to make the repayment back to the original plan. lets say that I took 30K out and can repay 10K using a combination of the employee contribution and my after tax savings... Then likewise -can i use the remainder of the 2021 year +2022 time before filing to "repay the 2021 portion" and ditto for 2023. Or does all of the repayment need to be made using after tax dollars... I could in theory maximize my pre tax retirement withholdings to meet the objective of repayment of all the COVID-19 Distribution.
