IRA Rollover…ODDBALL

Submitted by Larry Massey on Mon, 2012-09-24 23:59

I have a client who put too much money into his SEP IRA account, but then within
60 days, took funds out of other IRA/annuity accounts…

…Is there any way that those could be construed as Rollover contributions when
made prior to the distributions?

Thanks!

Larry Massey, CPA
Folsom CA

(Yes, I think the answer is no!)



Submitted by Alan Spross on Tue, 2012-09-25 01:03

Was the contribution to the SEP IRA a SEP contribution, regular traditional IRA contribution, or rollover contribution from the distribution of another account?



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