hoho9794 hoho9794

24-03-2020
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Bonnie is getting close to retirement and realizes she has three different IRA accounts at three different financial institutions. To make life simpler, Bonnie wishes to consolidate her three IRAs into a single account in 2019 using trustee-to-trustee direct rollovers. How many rollovers of this type can Bonnie make in 2019?

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katiecopeland88 katiecopeland88

29-03-2020

Answer: no limit

Explanation: There is no limit to the dollar amount of the transfer or the number of times a taxpayer can do this in a single tax year.

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