One-Per-Year Rollover Rule
A client rolled over monies from a cash balance plan into her IRA in April of this year (2021). She now wants to take money from that IRA and place it back in within 60 days for a short term cash need. Is she violating the One-Per-Year rollover rule?
Permalink Submitted by Alan - IRA critic on Fri, 2021-09-17 01:56
No, because the one rollover limit only applies to IRA to like kind IRA rollovers. The first rollover was from a qualified plan, so does not count toward the limit.