Permalink Submitted by Alan - IRA critic on Tue, 2018-09-25 17:35
You can, subject to the one rollover limit per 12 month period for all your IRAs. Therefore, if you simply want to move the funds to a new custodian you should use a direct trustee to trustee transfer instead of a distribution and rollover. These transfers are unlimited in number and do not have to be reported on your tax return. Of course, with a direct transfer you do not receive a distribution check and cannot use the money for up to 60 days.
Permalink Submitted by Alan - IRA critic on Tue, 2018-09-25 17:35
You can, subject to the one rollover limit per 12 month period for all your IRAs. Therefore, if you simply want to move the funds to a new custodian you should use a direct trustee to trustee transfer instead of a distribution and rollover. These transfers are unlimited in number and do not have to be reported on your tax return. Of course, with a direct transfer you do not receive a distribution check and cannot use the money for up to 60 days.