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Retirement tax questions
An outstanding rollover is one where a distribution is made from a traditional IA before year-end but the rollover contribution to a traditional IRA was not completed until after year-end such that the this traditional IRA money was not included in the year-end balance of either traditional IRA.
In your case there is no outstanding rollover. Neither a 401(k) to traditional IRA rollover nor a Roth conversion can result in an outstanding rollover because the account on each end of an outstanding rollover must be a traditional IRA account.
‎February 1, 2020
5:25 PM
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