SusanY1
Expert Alumni

Retirement tax questions

Maybe.  If it has been sixty (60) days or less since you took the more recent distribution, you may be able to return it using the sixty-day "rollover" rule - if you didn't have any other rollovers in the prior year.   

 

The rollover rules can get a little complicated, and I don't have all of the information I would need to be sure that this would work in your case, but it can't hurt to try! 

 

If you think this applies in your case, reach out to your bank or financial adviser for assistance.  For indirect rollovers, as this would be, the burden of proof falls on you, so be sure to keep things such as copies of deposit slips or tracking numbers, etc. to show that deadlines were met.

 

Your case may be even more likely to generate a request for information from the IRS since the distribution and rollover would be in two different tax years. Don't let that discourage you from taking advantage of this opportunity if you qualify for it, though. Just keep good records!

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"