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VDR
Level 2

Re-depositing a distribution from ROTH conversion

5 years ago I made a conversion from IRA to ROTH account.  This year I withdrew part of the converted amount.  Can I redeposit it back into the same ROTH account within the 60 days?

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leeloo
Level 8
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Re-depositing a distribution from ROTH conversion

Yes, the IRS allows you to redeposit within 60 days.

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3 Replies
leeloo
Level 8
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Re-depositing a distribution from ROTH conversion

Yes, the IRS allows you to redeposit within 60 days.

VDR
Level 2

Re-depositing a distribution from ROTH conversion

Even if it is back to the same ROTH account?  Will there be any 5-year holding period for that amount (I'm under 59 1/2)?

Re-depositing a distribution from ROTH conversion

Yes back to the same account.  It's like it never happened.

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