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IRA withdrawal for purposes of a rollover
I have an existing IRA that I wanted to use to fund a new IRA with a different trustee. Can I just transfer funds from the existing IRA to the new one and still keep the funds tax deferred? It's not a complete withdrawal, just a partial transfer of the funds.
I was under the assumption that as long as the funds go directly to the new trustee without me ever touching them, the transaction is not taxable.
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‎October 3, 2022
12:15 PM