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January 30, 2023
Question

pretax covid distribution repayment

  • January 30, 2023
  • 1 reply
  • 0 views

Can I use pre-tax dollars to re-day the covid IRA distribution I took.  I am NOT asking if pre-tax money that I currently regulary contribute to my 401k or IRA can also be counted toward the repayment total. I own my own business and I pay myself by taking draws. Can I use some of my pre-tax earning to repay the covid distribution I took, or can I only  use post tax dollars to make the repayment?

    1 reply

    Employee
    January 30, 2023

    Only post-tax dollars.