Repayment to an IRA will be treated as a transfer from an eligible retirement plan
in a direct trustee-to-trustee transfer within 60 days of the distribution.
Generally, an "eligible rollover distribution" is rolled over to an "eligible retirement plan
* The taxpayer follows all the procedures set by the financial institution for depositing the funds into an eligible retirement plan
within the 60-day period (including giving instructions to deposit the funds into an eligible retirement plan
"After continued dialogue with advisors, Raymond James will absorb the cost of mutual fund sales charges and fee rebates to clients with eligible retirement plan
and charitable trust accounts, and not require advisors to return commissions received on the mutual fund purchase transactions," the firm said in a statement in February.
The Internal Revenue Service (IRS) has amended the two safe harbor explanations that may be used to satisfy the requirement that certain information be provided to recipients of eligible retirement plan
402(c)(4)); (2) the employee transfers any portion of the property he or she receives in that distribution to an eligible retirement plan
described in Sec.
A rollover occurs when you withdraw cash or other assets from one eligible retirement plan
and contribute all or part of it within 60 days to another eligible retirement plan
This section regards a distribution from an eligible retirement plan
of a deceased employee into an IRA as an eligible rollover distribution.
(4) For purposes of this article, reference to traditional IRAs (contemplated by [section]402) includes all types of accounts listed in the definition of an "eligible retirement plan
." The term eligible retirement plan
is defined in [section]402(c)(8)(B) and includes a Roth IRA, a traditional IRA, qualified pension, profit-sharing, stock bonus or annuity plan, tax-deferred annuity, or eligible deferred compensation.
For the definition of "eligible rollover distribution," see Q 455; for the definition of "eligible retirement plan
," see Q 456.
unless the distribution is transferred to an eligible retirement plan