If you take a distribution from your Traditional IRA, you can roll over the amount to the same Traditional IRA or another Traditional IRA, provided the following requirements are met:

  • The rollover is completed within 60 days of receiving the distribution.
  • You have not completed an IRA-to-IRA rollover for the IRAs within the 12-months that preceded the date the distribution occurred.
  • The amount is rollover eligible. For IRA-to-IRA rollovers, ineligible rollover amounts include amounts representing required minimum distributions .

You are allowed to make tax-free rollovers from your IRAs at any age, but if you are 70.5 or older, you cannot roll over your RMD; this would be considered an excess contribution.

If you are required take RMD each year, be sure to remove the current year's RMD amount from your IRA before implementing the rollover.

Exceptions to the 60-deadline apply only in certain cases. See Exceptions To The 60-Day Rollover Rule.

This question was answered by Denise Appleby.

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