In the WSJ June 24 article regarding returning RMDs per Notice 2020-51, the following two statements appeared in succession:
If you inherited a 401(k) or IRA and took an RMD this year, you can return the money, Mr. Slott said. Normally, nonspouse beneficiaries "can never put an RMD back," but the IRS made an exception for them this year, said Mr. Slott.
When returning an RMD, you can deposit the money in the account it came from or in another tax-deferred account.
My question is about the second statement above, about returning an RMD. Can I take my 2020 RMD distributed at the beginning of February from my 403b plan and deposit it before 8/31 into my IRA of a different custodian? If not, what is the correct interpretation of the second WSJ statement above which says "you can deposit the money ... in another tax-deferred account"?
Thanks again for your help.