Talk:IRA rollovers and transfers

Reader feedback: Paying Ira tax due from alte...
75.68.52.53 posted this comment on 2 January 2014 (view all feedback).

"Paying Ira tax due from alternate sources -How &amp; when?"

Any thoughts?

Blbarnitz 14:12, 2 January 2014 (CST)

Methods of paying taxes are outside the scope of this article. Please ask in the forum for advice. --LadyGeek 19:10, 30 May 2014 (CDT)

Reader feedback: Re: divorce or legal separat...
98.210.22.135 posted this comment on 30 May 2014 (view all feedback).

"Re: divorce or legal separation - does splitting an existing IRA and changing the name on the transferred portion constitute a tax free rollover to a spouse's account?"

This topic is addressed in the article section "Transfers incident to a divorce," which is copied from IRS Publication 590. If this article does not answer your question, please ask in the Bogleheads forum. LadyGeek 19:08, 30 May 2014 (CDT)

Reader feedback: I still not clear about when...
104.35.132.118 posted this comment on 1 January 2015 (view all feedback).

I still not clear about when it is a rollover and when not, in particular if for example I have IRA, and 401K roth and traditional and want to combine them is this fall under trustee to trustee or under rollover. for example base on the description I would thinkg IRA to IRA is under trustee to trustee and as such can be done many in same year, but than in the chart it says one per year from 2015 which seem to indicate it is maybe rollover. Happy new year

Any thoughts?

LadyGeek 10:49, 2 January 2015 (CST)

IRA-to-IRA rollovers: 12-month rule widely applies
Regarding rollovers (where owner takes possession of funds) between Trad IRA accounts only: Before 2015, one could not rollover from the same IRA more than once in a 12-month period; violation of this 12-month rule would treat the second withdrawal within the 12 months as a taxable withdrawal not a rollover. After 2015, in conforming to a Tax Court ruling, that 12-month rule now applies to any two IRAs even if different from a previous rollover and no matter how many IRAs are owned by the taxpayer.

Not being a regular wiki editor, I didn't want to make changes on this page myself. I suggest: --Vectorizer 13:13, 11 February 2022 (EST)
 * In regard to the bullet list under the subheading "Rollovers":
 * Clarify the second bullet item: the mandatory 20% withholding applies only to rollovers from employer plans; the normal 10% default withholding with the option the change withholding (even to 0%) applies to rollovers from IRAs.
 * The last bullet item under the subheading "Rollovers":
 * Change "One is limited to only one rollover per year to or from the same IRA." to "One is limited to only one rollover per year to or from any IRA, even if the IRAs are different."
 * Add an additional sentence to the parenthetical note in the same bullet item that also says the 12-month rule does not apply to Traditional IRA to Roth IRA rollovers known as conversions. Alternatively, remove the parenthetical note from this bullet item and create one or more additional bullet items in the same bullet list to clarify the 12-month exceptions including employer plans and Traditional to Roth. It might even be appropriate to add a table that will summarize (or replace bullet items for) what kind of transfers or rollovers trigger the 12-month rule.
 * In the Rollover Chart, footnote 2 now includes a broken link to an IRS web page. I suggest removing the link but keeping the text, since the 12-month rule is now covered in IRS pub 590.
 * The Rollover Chart itself was copied from an IRS PDF as an image and reproduced, which is risky. The broken IRS link I referenced in my previous bullet is actually broken in the IRS PDF. IMHO, the IRS PDF shouldn't be reproduced in-line but rather referenced by a link.


 * There is no differentiation of status among wiki editors. Any editor is welcome to edit any part of the wiki. As Wikipedia says "Go for it.". I have created a draft page for you. See: User:Vectorizer/IRA rollovers and transfers (Draft pages are created under the editor's username.) Use this page to develop your changes. When you are satisfied with the content, make those changes on the "live" page IRA rollovers and transfers. If you get stuck, feel free to ask for assistance in the private wiki editor's forum.
 * --LadyGeek 13:40, 11 February 2022 (EST)