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More than one rollover if repay coronavirus

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How will our customer repay the $100,000 withdrawal? Won’t it exceed one rollover per year rule?

Yes but your customer has an exception. The one per year rollover rule does not apply to coronavirus distributions. You will code the recontributions as a rollover and disregard the rule.


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IRA Year End Wrap-Up

First published on 10/25/2020

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