It depends. The only way to defer including any of the amount in your income is to rollover the amount. However, amounts in excess of your RMD can be rolled over only if the amount is rollover eligible and the rollover is completed within 60-days of you receiving the distribution. Note: The 60-day period starts with the date you received the amount, and not the date the withdrawal was made from your IRA. Therefore, the amount in excess of your RMD can be rolled over, providing it is not more than 60-days since you received the distribution. If it has been more than 60-days since you received the amount, it is not rollover eligible.

  1. Can I borrow from an IRA without penalty?

    Yes. A 60-day rollover rule applies to all types of IRAs. This 60-day rollover rule allows you to withdraw assets from your ... Read Answer >>
  2. What is a 401(k) rollover?

    Find out what a 401(k) rollover is, when you might want to roll over a 401(k) and whether a direct or indirect rollover is ... Read Answer >>
  3. Should I start taking my RMD based on the amount in my account when I turn 70.5?

    Because your balance may have changed from December 31 to the date you reach age 70.5, using that balance may result in an ... Read Answer >>
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