I took out money from an inherited IRA in early 2018, can I repay that and reduce my tax burden?

[rick-denison]

I inherited an IRA from my father in 2017.  In 2018, I needed to take a distribution and closed the account.  I am receiving further inheritance, not in the form of an IRA, but could I use a portion of this money to put back into an IRA or a previously closed 401k to reduce my taxes in 2018?

[SweetieJean]

Sorry no.  You only had 60 days to repay.

[fanfare]

you can contribute to an IRA for yourself  and your spouse up to the amount of your earned income or the limits, if you are eligible

[fanfare]

 ...

[dmertz · Accepted solution]

A distribution paid to a non-spouse beneficiary can never be rolled over, i.e., it cannot be returned to a retirement account to avoid taxation.

[SharonC1]

You cannot, at this point, repay the IRA distribution to avoid paying taxes on it.