Distribution from an IRA to a non-IRA brokerage account

[4525]

I made a sizable distribution from a traditional IRA to a non-IRA brokerage account not fully understanding the Tax consequences.  The purpose for the distribution was to allow me to invest in a fund (in my brokerage account) that has a minimum investment requirement.  I now realize what a blunder that was as I now owe a substantial amount of taxes. Does anyone have any ideas of how I can undo this?  

[VolvoGirl · Accepted solution]

Nope you are stuck with taxes and a 10% Early Withdrawal Penalty if you are under 59 1/2.  You had 60 days to put it back.

[ColeenD3]

The only recourse is if you are in the 60-day window that allows a rollover. You would have to remove the money from that account and roll it into another Traditional IRA.