Answered: Here is an article with the details: https://www.irs.gov/...

Greta · ‎12-07-2019

qbteachmt · ‎12-07-2019

Here is an article with the details:

https://www.irs.gov/retirement-plans/plan-participant-employee/rollovers-of-retirement-plan-and-ira-...

Your Client can make this as Direct Transfers, not Roll Overs.

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View solution in original post

qbteachmt · ‎12-07-2019

Here is an article with the details:

https://www.irs.gov/retirement-plans/plan-participant-employee/rollovers-of-retirement-plan-and-ira-...

Your Client can make this as Direct Transfers, not Roll Overs.

*******************************
Don't yell at us; we're volunteers

TaxMonkey · ‎12-07-2019

The one indirect rollover per 12 month period applies to both IRA and ROTH IRA.

dd4vols · ‎12-07-2019

i'm just impressed at the usage of 'coalesce' in this forum...……..

If an answer solves your issue, click on the "Accept as Solution" button! Makes it easier for people to find answers to similar questions that have already been posted.

IRonMaN · ‎12-07-2019

Me too, although I'm not really sure how coal mining fits into IRA rollovers.

Slava Ukraini!

George4Tacks · ‎12-07-2019

I thought that was amalgamate.

Answers are easy. Questions are hard!

Does 12-month rollover limit rule apply to Roths or only to IRAs? Client additionally has several IRAs he wants to coalesce for simplicity sake. Is either penalized?

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