Keith Boyer's Blog

This is some blog description about this site

IRA Rollover Rule – One Per Year

IRA Rollover Rule – One Per Year

 

 

Beginning in 2015 you can make only one rollover from an IRA to another IRA in any 12 month period regardless of the number of IRA’s you own.  The 12 month period begins to run with the date of the rollover, not the beginning of the calendar year.  If there is more than one rollover within the 12 months the others will be taxable and possibly subject to the 10% penalty.  Doing a “Trustee to Trustee” transfer avoids this rule as well as rollovers from traditional IRAs to Roth IRAs.

IRS notifying taxpayers “We changed your mailing a...
Tax information - paperless reporting
 
SCROLL TO TOP