@dmertz wrote:
A direct rollover is indeed a rollover as defined in the tax code. However, the tax code only imposes the 60-day rollover deadline on indirect rollovers. An indirect rollover is one where the distribution is paid to the participant, not one that is paid directly to the receiving qualified account.
@dmertz As an aside (off the subject of this thread)
What I have wondered is how the IRS enforces the 60-day rule for indirect rollovers since neither the 1099-R or the 5498 form shows the date of distribution or the date of deposit of the rollover contribution - it only shows the years activity? Do you know?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
