We have a client who did a rollover contribution from his Pension Plan into his IRA on 12/13/18. He took out a distribution from his IRA on 1/15/2019, with the assumption that he could then roll that distribution back into his IRA within 60 days. However, the brokerage firm is telling him that the he does not qualify for the 60 day rollover rule, as he just had a previous rollover contribution within the past calendar year. As I was under the impression that rollover contributions from a qualified plan were not counted towards this “60 day” rule for his IRA, is the information that he’s been given correct?

Thanks in advance for you help!