Rollover question 600K total
If I rollover 300,000 to one IRA Account and 300,000 to a different IRA Account would this violate the one Rollover within 12 Month rule?
If I rollover 300,000 to one IRA Account and 300,000 to a different IRA Account would this violate the one Rollover within 12 Month rule?
Permalink Submitted by Alan - IRA critic on Tue, 2022-06-14 21:05
It would violate the rule if the distributions were on different days or from different IRA accounts, but would not if there was a single distribution of 600,000 that was rolled over into different accounts. The one rollover limit is measured by the number of distributions, not the number of rollover contributions.