IRA Rollover (one rollover per year, not per account)

[ILLMAS]

Bobrow vs Commissioner

 

http://www.h-jcpa.com/news-updates/2014/irs-reverses-long-standing-position-one-rollover-y/

[Lee B]

Minor Clarification which is explained in the article:

 

The one rollover limitation is per 12 month period not per calendar year as the title implies.

 

Example: You cannot do a December 2014 rollover followed by a January 2015 rollover

 

even though the rollovers are in two different calendar years.

 

Sometimes the word we choose to use is very important !