60 day rule – One withdrawal – Two subsequent deposits within the 60 day period

Question.

Under the 60 day rule can you take one withdrawal ($10k for example) and subsequently make two deposits ($5k each) back into the IRA within the 60 day period that are done one two different dates? Does this cause any problems and or penalties?



This is clearly allowed because the one rollover limitation is measured by the number of distributions made, not be the number of rollover contributions. Therefore, a single distribution could be split into several different rollover contribution amounts and date – conversely, two distributions cannot be combined into a single rollover contribution.

Thanks

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