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Conduit IRA

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Conduit IRA
A traditional IRA that holds only assets that were distributed from a qualified plan.

Notes:
Typically, the intention of using this type of plan is to store assets until they can be rolled into the qualified plan of a new employer. Should any other assets be commingled with these assets, the IRA loses its conduit status and the assets are no longer eligible for capital gains and forward averaging tax treatments.
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? Mentioned in ? References in periodicals archive
 
The EGTRRA significantly eased the rules on rollovers of retirement savings from one type of tax-favored retirement fund to another, by removing barriers that either prohibited specific types of rollovers or required the use of a conduit IRA to accomplish them.
The Pension Protection Act of 2006 - a comprehensive reform package by LaGarde, Stephen / The Tax Adviser
If the amounts in the conduit IRA are attributable solely to rollovers from qualified plans, a distribution from that conduit IRA may be rolled over into another qualified plan.
New tax law significantly improves benefits of 401(k) and other ... by Cochran-Becchina, Ann / Tax Executive
A conduit IRA converted to a Roth IRA and recharacterized as a traditional IRA retains its status as a conduit IRA.
Roth IRA final regs. offer clarity and guidance by Bryant, Jeffrey J. / The Tax Adviser
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