taxxman02
Level 3
05-12-2021
09:56 PM
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Client took two distributions from two separate retirement accounts for 100K each back in June of 2020. I informed him only the first 100K is eligible for the 3 year averaging and no 10% penalty. Can he deposit the second 100K back into his account before we file his return, would this be considered a recontribution or is that for only one distribution.
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