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You can request a trustee-to-trustee transfer of the IRA. A trustee-to-trustee transfer is neither a distribution nor a rollover because nothing is paid to you personally. Because of this, it is not reportable and has no tax consequences.
Because an IRA CD is involved, the timing of the transfer is important. You'll want to make sure that the transfer happens within the grace period for renewal of the CD.
What dmertx said is correct for your situation. However, the transfer would not be deductible on your return.
Edited 02/19/2025 | 6:52 AM PST
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