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Retirement tax questions
You cannot rollover your RMD. If all of your distribution was an RMD then you cannot make a rollover. You made a new contribution to the IRA and might have an excess contribution. If you do then you will need to request to remove the excess plus earnings by the due date (including extensions). The earnings will be taxable in the year the contribution was made.
If you took more than your RMD then you can rollover the excess only. Please select "Some of this distribution…" instead of "The entire distribution applied…" for the second RMD screen. Enter the RMD amount. If you have an excess amount left to rollover you will see the rollover questions MinhT1 mentioned.
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April 8, 2025
6:46 AM