Indirect Rollovers

Submitted by Brian Kuhn on Sat, 2018-10-13 13:24

Person direct rolls old employer plans to an IRA. Within 12 months they could take a distribution from that IRA knowing they have the option of putting it back within 60 days correct because the prior ones were direct rollovers?

Thanks



Submitted by David Mertz on Sat, 2018-10-13 14:36

Direct or indirect, rollovers to or from an employer’s qualified retirement plan do not count toward the one-rollover-per-12-months rule.  Only IRA-to-IRA rollovers are considered in regard to the one-per-12-months rule.  IRAs moved by trustee-to-trustee transfer also do not count toward the rule because an IRA moved by trustee-to-trustee transfer is neither a distribution nor a rollover.

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