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Level 1
posted Feb 1, 2020 2:07:59 PM

Is an IRA conversion (401K-IRA-Roth) listed under "outstanding rollovers" on the page that asks the value of my IRAs as of 12/31/19?

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1 Replies
Level 15
Feb 1, 2020 5:25:24 PM

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.