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One Rollover Per Year Rule

The IRS states that the one IRA rollover per year rule doesn't apply to "IRA-to-plan rollovers." I made a rollover from one IRA to anthother IRA, and then from that IRA to the Thrift Savings Plan (TSP) all in the same month. That shouldn't be a problem since the TSP qualifies as "plan." Is this correct?

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dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

One Rollover Per Year Rule

Correct.  The TSP is a qualified retirement plan, not an IRA.

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1 Reply
dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

One Rollover Per Year Rule

Correct.  The TSP is a qualified retirement plan, not an IRA.

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