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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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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.
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.
A conduit IRA converted to a Roth IRA and recharacterized as a traditional IRA retains its status as a conduit IRA.
 
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