Clarification Of The One Rollover Per Year Rule: A Case Study
Doug S takes a distribution from his IRA on August 1st and replaces it within the allowable 60 days on September 16th. Does the one rollover per year rule timeclock start running on August 1st or on September 16th?
Permalink Submitted by Alan - IRA critic on Tue, 2022-09-20 17:33
It starts on 8/1, or more precisely the date the distribution is received. It is also permissible to roll over this distribution on different days, as long as they all or within 60 days, since the one rollover rule is measured by the number of distributions, not the number of rollover contributions.