The following rollovers are not subject to the limit:
- A rollover from a Traditional IRA to a Roth IRA (i.e., a conversion). Such a rollover is disregarded in applying the one-rollover-per-year limitation to other rollovers. However, a rollover between an individual's Roth IRAs would preclude a separate rollover within the one-year period between the individual's Traditional IRAs, and vice versa.
-
A rollover to or from a qualified plan, such as a 401(k) or 403(b). Such a rollover is disregarded in applying the one-rollover-per-year limitation.
- A trustee-to-trustee transfer (i.e., direct rollover) is not subject to the limitation.
