IRA rollover for deceased individual

Submitted by Sten Lindquist on Wed, 2014-10-22 16:02

If an individual takes an IRA distribution with the intention of rolling it back into an IRA within 60 days but dies before the 60 days is up, can the executor of the estate roll it over into the deceased person’s IRA on their behalf?



Submitted by Bruce Steiner on Wed, 2014-10-22 21:49

  • There have been several private letter rulings allowing this. See, for example, PLR 200450057.

 

  • We have a ruling request pending involving a similar situation, and the IRS person handling the ruling request has advised us that they will be issuing a favorable ruling on it.

 

  • Bruce Steiner, attorney, NYC, also admitted in NJ and FL

 

Submitted by Sten Lindquist on Thu, 2014-10-23 15:00

Thanks very much for the help. Sten

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