It depends on the situation. An RMD payment from an IRA contract may be eligible to be returned as an indirect rollover back into the contract. You may also be eligible to rollover RMD payments into an IRA held outside of Allianz. Under IRS Notice 2020-51, RMD payment(s) received beginning January 1 to July 2, 2020, owners will have until August 31, 2020 to meet the 60-day requirement. For any RMD payment received on or after July 3, 2020, the standard indirect rollover requirements apply.
As an insurance company, we do not provide tax or legal advice. We encourage you to consult with a financial professional and tax advisor to determine the steps that you might be able to take.
NOTE: RMD payments from 403(b) contracts cannot be rolled back into an Allianz 403(b) contract, but could be rolled over into an IRA if the rollover requirements are met. The one-rollover per 12-month period limitation does not apply to distributions from 403(b) contracts.