Can I return funds to my Roth IRA after I have taken it as a distribution?

Retirement Savings, IRAs
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2 weeks ago
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You can return funds to your Roth IRA after you have taken it as a distribution so long as you do so within 60 days of the distribution.

If it has been more than 60 days since the distribution, any money placed in the Roth IRA is considered a contribution.

If the replacement of funds falls within the 60 day window you should still specify to the financial institution that it is a return of funds and not a new contribution just to be safe.

April 2007
2 weeks ago