my mother-in-law requested her IRA distribution for 2011 on Dec 31, 2010. The Bank actually made the distribution on the 31st rather than waiting until Jan 3 like they were requested to.
Question: Is it possible to return the distribution to the IRA account and then make the withdrawal again for 2011?
------------------------------------- Michael James
Don't blame the bank.
Yes, within 60 days of the initial distribution you may rollover the distribution to an IRA. That uses your once in a 12 month period ability to do this for that IRA account.
If any tax was withheld you place that back in an IRA too.
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