Well, the funds not only were moved out of the IRA the minute I executed the online distribution, they immediately appeared as available funds in my brokerage account. I had been told by a representative two days prior that as soon as the funds leave the account that's the year for which the transaction is reckoned for tax purposes. Turns out the cut off was 4:00 p.m. ET whereas midnight was clearly implied. Nevertheless, I suspect their policy violates IRS rules because the money not only had left the account, but was in fact available and ready to use in the taxable account. I told them to check the IRS regs and get back to me but no word for 4 days. Not a big deal since I'm not yet old enough for RMDs and can put it back as my one allowed indirect rollover.
