IRS Clarifies Application of One-Per-Year Limit on IRA Rollovers

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  • Roland Slugg
    Senior Member
    • Aug 2006
    • 1860
    #1

    IRS Clarifies Application of One-Per-Year Limit on IRA Rollovers

    On November 10, 2014 the IRS announced on its web site a clarification of the revised application of the one-per-year IRA rollover limit. The announcement confirms what was reported here recently regarding rollovers started in late-2014 and completed, within the 60 days allowed, early in 2015. Such rollovers will not count as the one rollover allowed in 2015. The full text of the IRS announcement may be found on its web site, in the "News & Events" tab, or by clicking the link below.

    http://www.irs.gov/uac/Newsroom/IRS-...-Start-in-2015
    Roland Slugg
    "I do what I can."
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