IRA to IRA transfers and Indirect Rollover
I have made three IRA to IRA transfers in the past 12 months via direct transfer from IRA custodians.
I now have the need to do a 60 day indirect rollover. Will this indirect rollover cause any tax consequences?
Thank you for your help!
Permalink Submitted by Alan - IRA critic on Fri, 2025-02-07 14:22
The number of transfers do not affect your 60 day rollovers, but you can only do one 60 day rollover per running 12 month period.
As for the 2024 transfers, you should not receive a 1099R for any of them. If you get a 1099R for a transfer, that can cause problems.
Permalink Submitted by Steve Harper on Fri, 2025-02-07 14:28
Thank you very much for your help Alan. Super appreciate your expertise!!