Roth IRA Rollovers
I have taken a distribution from a Roth IRA and wish to roll it over. I know I can make only one rollover each 12 months.
Under IRS rules, can I divide the distribution and roll portions into three different Roth IRA accounts?
Ron
I have taken a distribution from a Roth IRA and wish to roll it over. I know I can make only one rollover each 12 months.
Under IRS rules, can I divide the distribution and roll portions into three different Roth IRA accounts?
Ron
Permalink Submitted by Alan - IRA critic on Fri, 2015-04-10 17:44
Yes, a rollover is counted per distribution, not the number of rollover contributions, and there is only one distribution here. Therefore, you can place the distribution in different Roth accounts and consider it as just one rollover. But you could not take two distributions and roll them into the same or different Roth accounts.