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Level 2

Solved

IRA BDA - duplicate RMD

Forum|Forum|10 months ago
August 15, 2025
1 reply
13 views

Forgot that I had activated Fidelity automatic RMD withdrawal for inherited IRA and accidentally took the RMD twice. Fidelity said that I cannot return the duplicate withdrawal into the IRA BDA. I want to avoid the tax consequence and based on what I can find online, I believe that I can move the (duplicate) excess RMD withdrawal into my Traditional IRA as a rollover within 60 days. Can someone confirm that is correct please? I do not want to make the problem worse. Thanks for your help!

Not A Product Question

Best answer by dmertz

"I believe that I can move the (duplicate) excess RMD withdrawal into my Traditional IRA as a rollover within 60 days."

A 60-day rollover to your own traditional IRA is possible from a traditional IRA BDA only if you are the surviving spouse of the original IRA participant from whom you inherited the IRA. If you are a non-spouse beneficiary, there is no option to roll over the funds to any retirement account and you'll need to include the extra distribution in your taxable income.

dmertzAnswer

Level 15

"I believe that I can move the (duplicate) excess RMD withdrawal into my Traditional IRA as a rollover within 60 days."

A 60-day rollover to your own traditional IRA is possible from a traditional IRA BDA only if you are the surviving spouse of the original IRA participant from whom you inherited the IRA. If you are a non-spouse beneficiary, there is no option to roll over the funds to any retirement account and you'll need to include the extra distribution in your taxable income.

ebomze2254Author

Level 2

I was afraid of that, thanks for your response.