Pushing out via direct transfer more than one rollover per year

In 2015 does the IRS allow more than one rollover per year if the owner does not take possession of the money but pushes the money out and the transfer is a direct from one custodian to another custodian?



A direct transfer is NOT a rollover because it is not a distribution. It is a non reportable transfer, so these are unlimited in number. Also, even if a check is sent to the owner for delivery, it is still a non reportable transfers as long as the check is payable to the other IRA custodian FBO the owner and not to the owner directly.

Add new comment

Log in or register to post comments