Beneficiary Roth Rollover’s within 60 days
Does anyone know whether you have the same 60 day time frame to rollover a [b]beneficiary[/b] Roth (or traditional) IRA if it has been withdrawn from a beneficiary IRA created upon the decedent’s death? Or are only trustee to trustee transfer’s allowed?
Permalink Submitted by Alan Spross on Thu, 2010-09-16 18:50
An indirect rollover (aka 60 day rollover) is only allowed for a SPOUSAL beneficiary. A non spouse beneficiary can only change custodians through a direct T to T transfer. A non spouse beneficiary that receives a check has taken an irrevocable distribution from the account.
Permalink Submitted by Daniel R. Cuddy on Thu, 2010-09-16 20:35
Thank you very much. I really appreciate it.