IRA BDA - duplicate RMD

[ebomze2254]

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!

[dmertz · Accepted solution]

"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.

[ebomze2254]

I was afraid of that, thanks for your response.