2015 IRA One-Rollover Rule

The one rollover per 12-month period rule that applies to all IRAs in aggregate is discussed in the following court case, announcements and Pub 590.

• Bobrow V Commissioner 

• Pub 590

• Announcement 2014-15

• Announcement 2014-32

IRA 12-Month Rule At a Glance

• One rollover allowed per spouse, per 12-month period

• The 12-month rule does not apply to Roth conversions

When does the 60 day clock start?

• Day one is day after the IRA distribution.

• Rollover is required by the end day 60.

COMPLIANCE NOTE 1: Direct-rollovers and trustee-to-trustee transfers are not affected by the 12-nonth rule.

COMPLIANCE NOTE 2: Qualified plans such as Solo 401k Plans and Defined Benefit Plans are not subject to the one rollover per 12-month period rule.