IRA to Roth conversion
I have client who did a distribution out of two separate IRA accounts and wants to do a Roth Conversion with the funds. It is within the 60 day rollover timeframe. Is this considered two rollovers and is not eligible or can he write one check for both amounts and make the conversion deposit. Thanks…
Permalink Submitted by Alan - IRA critic on Wed, 2025-06-25 16:52
Conversions do not count against the one rollover limitation over 12 months. Therefore, if at least one of the distributions is fully converted, the other distribution can be converted or rolled back to the IRA, or split between a conversion and a roll back.
If both distributions are converted client will not have used up the one 60 day rollover that is allowed and will not have to be careful over the next 12 months.