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Question

can i reverse an ira distribution within 60 days of withdrawal?

Forum|Forum|1 year ago
February 3, 2025
1 reply
0 views

I distributed too much.

Generally, you can reverse an IRA distribution within 60 days through a rollover. You are limited to one rollover per 12-month period across all IRAs, and the full amount must be redeposited, even if taxes were withheld. If you missed the deadline, there's still a chance the you can request a waiver.

For more detailed information, you can refer to the IRS guidelines on rollovers of retirement plan and IRA distributions