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On a 1099r form what does amount allocable to irr within 5 years mean

 
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1 Reply
Karen1209
New Member

On a 1099r form what does amount allocable to irr within 5 years mean

An IRR is an In-Plan Roth Rollover and represents the amount that can be rolled over into a Roth within 5 years.  

See the IRS definition below:

  • An IRR is a rollover within a retirement plan to a designated Roth account in the same plan. 
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