topic Re: IRA BDA - duplicate RMD in Retirement tax questions

IRA BDA - duplicate RMD

ebomze2254 — Fri, 15 Aug 2025 11:24:55 GMT

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!

Re: IRA BDA - duplicate RMD

dmertz — Fri, 15 Aug 2025 12:49:51 GMT

"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.

Re: IRA BDA - duplicate RMD

ebomze2254 — Fri, 15 Aug 2025 14:40:15 GMT

I was afraid of that, thanks for your response.