Question

Is there time limitation to return the Roth IRA distribution?

Forum|Forum|3 years ago
April 12, 2023
1 reply
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Is there time limitation to return the Roth IRA distribution? I took a Roth distribution in 2022 because the finanacial need, in 2023 my financial situation improved, can I return the same distributed amount back to the same Roth IRA account?

JohnB5677

You have 60 days from the date you receive an IRA or retirement plan distribution to roll it over to another plan or IRA. The IRS may waive the 60-day rollover requirement in certain situations if you missed the deadline because of circumstances beyond your control.

Please see: Rollovers of Retirement Plan and IRA Distributions

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