How does the 60-day rule apply to mis-timed contributions?

How does the 60-day rule apply to mis-timed contributions?

• A. Contributions made in the first 60 days of the year can count toward the previous year's limit.
• B. The 60-day rule applies only to withdrawals.
• C. It allows unlimited carryover of contributions beyond the limit.
• D. A contribution made within the first 60 days of the year can be counted toward the previous year's limit if designated properly.

Answer: (D)