60 day rollover rule

If someone takes money out of an IRA, can they put the money back in two payments? If its less than sixty days.



Yes, the 12 month one rollover limit is measured by the distribution that is rolled over, not by the number of rollover contributions.

Therefore, you can take one distribution and roll it back in as many portions as you wish. But you cannot take more than one distribution and roll them back at one time!



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