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April 21, 2023
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Re-depositing a distribution from ROTH conversion

  • April 21, 2023
  • 1 reply
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5 years ago I made a conversion from IRA to ROTH account.  This year I withdrew part of the converted amount.  Can I redeposit it back into the same ROTH account within the 60 days?

    Best answer by leeloo

    Yes, the IRS allows you to redeposit within 60 days.

    1 reply

    leeloo
    leelooAnswer
    April 21, 2023

    Yes, the IRS allows you to redeposit within 60 days.

    VDRAuthor
    April 21, 2023

    Even if it is back to the same ROTH account?  Will there be any 5-year holding period for that amount (I'm under 59 1/2)?

    VolvoGirl
    Employee
    April 21, 2023

    Yes back to the same account.  It's like it never happened.