Skip to content

Can coronavirus distributions be repaid?

Answered by: 

How many recontributions can be made on the coronavirus distribution from IRA?

The customer can repay a distribution in as many repayments as he or she likes in three years. A recontribution of a coronavirus-related distribution will not be treated as a rollover contribution for purposes of the one-rollover-per-year limitation under § 408(d)(3)(B).


Learn more about Deborah Crawford’s webinar Alert! IRA Changes and Clarifications from the IRS under CARES Act

First published on 07/12/2020

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics