IRA Conversion Versus IRA Rollover

Earlier this year, I moved money from my Traditional IRA to my Roth IRA at the same financial institution, and it was characterized as a “conversion.” In this specific instance, was the conversion the same as a rollover of funds, and does the once every 12 months IRA rollover conversion restriction rule apply to that conversion, or can I perform conversion without that restriction?



Roth conversions are disregarded with respect to the one-rollover-per-12-months rule.  You can perform conversions without restriction.

Thank you for your prompt reply!

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