☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 6, 2019 7:21:03 AM

Is there a limit on how many 401k you can rollover in a year as with an IRA that are not direct rollovers?

I rolled over two 401K plans in 2017 that were not direct rollovers.  Is there a limit on how many I can do in one year like an IRA limit to one?

0 1 7531
1 Best answer
Level 15
Jun 6, 2019 7:21:05 AM

The following rollovers are not subject to the limit:

  1. 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.
  2. 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.
  3. A trustee-to-trustee transfer (i.e., direct rollover) is not subject to the limitation.

1 Replies
Level 15
Jun 6, 2019 7:21:05 AM

The following rollovers are not subject to the limit:

  1. 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.
  2. 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.
  3. A trustee-to-trustee transfer (i.e., direct rollover) is not subject to the limitation.