12 month windo
can the ira asset owner rollover some of his assets as a qualified plan direct rollover and also some of his assrts as a ira rollover both in the same 12 month period ????
can the ira asset owner rollover some of his assets as a qualified plan direct rollover and also some of his assrts as a ira rollover both in the same 12 month period ????
Permalink Submitted by Alan Spross on Thu, 2010-03-18 01:41
Yes. With respect to the one rollover limit per IRA account, the rollover to a qualified plan does NOT count as a rollover. Only rollovers TO IRA accounts are considered. That said, it is still better to do the IRA rollover by direct transfer and not use up the one rollover allowed unnecessarily.