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Applying the One-IRA-Rollover-Per-Year Rule
BenefitsLink Message Boards Link to more items from this source
Oct. 25, 2017
If an individual takes multiple distributions from a single IRA within a 12-month period and redeposits all the funds back into the IRA within the 60-day deadline, can he or she designate which redeposited funds are treated as an IRA rollover and which funds are considered excess contributions to be withdrawn? My initial response is that the funds redeposited first are treated as a rollover, and that each subsequent deposit is treated as an excess contribution. What if the individual doesn't designate the first deposit as a rollover but rather designates the largest deposit as a rollover?

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