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Hello. There's a question in Deductions & Credits about a deposit I made, Is This a Repayment of a Retirement Distribution? does it need to be the same account?

I took out some money from my retirement account for expenses, then at the end of the year, I hadn't used all that money and deposited in my new retirement account with a different broker.
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DavidD66
Expert Alumni

Hello. There's a question in Deductions & Credits about a deposit I made, Is This a Repayment of a Retirement Distribution? does it need to be the same account?

No, if you take a distribution from your retirement plan, you can roll over either all or a portion of the amount, as long as you did it within 60 days.  Your rollover amount does not have to be the full/exact amount as the distribution.  

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