SusanY1
Expert Alumni

Retirement tax questions

Yes, you can redeposit these funds into an IRA, but you should use a "Rollover IRA" for this purpose and be sure that the custodian (bank or investment firm, typically) indicates that the funds are repayment of a disaster distribution.

You can find more on this topic, including how to handle the repayment on your tax returns at this related thread: Repayment of CARES withdrawals.

 

[EDITED December 4, 2022 4:24 PM PST]

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