60 day IRA rollover

Submitted by Robert Hapanowicz on Wed, 2023-01-04 16:56

Within the last 60 days, an individual made three separate IRA distributions with the intent of rolling these funds back over into the IRA. Can the individual now make the 60 day rollover for the sum of the three combined distributions OR are they limited to just one of the three ?



Submitted by David Mertz on Wed, 2023-01-04 17:46

  • Only one of the three distributions is permitted to be rolled back to the same type of IRA.
  • Assuming that these are traditional IRA distributions, the other two distributions could be converted to Roth (taxable) or rolled over to an employer plan like a 401(k) since these types of rollovers are not subject to the limitation.

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