IRA Rollover Once Yearly Question
I have an old retirement plan that I want to rollover into my preferred IRA accounts. The account was split into a Traditional IRA and a Roth IRA. I just requested that the Traditional IRA portion be rolled over into a Traditional account. Would requesting the Roth portion to be rolled over into a separate Roth account be in violation of the single IRA rollover per year rule?
Quick Answer:
No, requesting the Roth portion to be rolled over into a separate Roth account would not violate the single IRA rollover per year rule.
The rule you're referring to applies to indirect rollovers *between
Note: This answer is provided for convenience only. It is important that you speak to a CPA about your individual tax situation.
