One rollover per year

Client transferred his money from his IRA to his 401k plan. As the check was made out to “Vanguard” who is the 401k provider is this considered a rollover or trustee to trustee transfer. Dividends came in a month later and now there is another check for $75 done the same way. Is this now 2 rollovers and everything is taxable?



These are rollovers, but the one-per-year limitation does not apply to rollovers to or from qualified retirement plans like a 401(k).  The limitation only applies to traditional IRA-to-traditional IRA rollovers and Roth IRA-to-Roth IRA rollovers combined.

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