Tag Archive: IRA rollover

New limit on IRA rollovers

Written by May 12, 2014

This was mentioned in a previous post but it’s worth repeating. For years, the IRS interpreted the IRA rules to allow taxpayers to do one rollover per year in each IRA he or she owned. In doing a rollover, the taxpayer is not taxed on the funds taken from the IRA so long as the funds are redeposited into an...

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