Fixing rollover mistake

I wanted to rollover funds from an unvested defined benefits plan from my previous employer to a traditional IRA. I attempted a direct rollover, but accidentally provided the account number of my taxable account instead of my IRA on the form.

Can I contribute the amount to my IRA within 60 days (either via transferring from my checking account or from the taxable account) and make it an “indirect” rollover? Want to verify I wouldn’t be compounding the original mistake!



Yes, you can do that. Even if the 1099R is for 2020, coded G, and the IRA 5498 is issued for 2021, that should not trigger any questions from the IRS. Technically, if the direct rollover check payee was “IRA for the benefit of (you)” your taxable account broker should not have accepted it, but they apparently did.



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