can an inherited ROTH IRA distribution in 2020 be returned | Ed Slott and Company, LLC

can an inherited ROTH IRA distribution in 2020 be returned

My grandchild inherited a small roth ira in 2016 and has been withdrawing distributions since then. Can she return the 2020 distribution she took under the new rules?

Yes, to the extent that the distribution was an RMD, she can return it to the same account no later than 8/31/2020. If she files a tax return, she will have to report the distribution and rollover on lines 4a and 4b of Form 1040.

 

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