My husband took 2 different qualified distributions from a ROTH IRA within the last 60 days. Can we repay (rollover) the combined total back into the same ROTH IRA?

Taking funds out of your Roth IRA and putting them back may sound like a loan, which the IRS prohibits. Technically, it isn't a loan if it falls under IRS provisions that allow rollovers.

You can roll over the amount you withdrew to the Roth IRA, or another of your Roth IRAs—excluding inherited Roth IRAs—if the following conditions are met:

• The funds are rolled over within 60 days from when you received them.
• The Roth IRAs were not involved in a rollover during the 12 months preceding the date of the distribution.

The last requirement is because a Roth IRA can be involved in a rollover only once during a 12-month period. This rule applies to traditional IRAs as well.