jevd Posted September 28, 2007 Report Share Posted September 28, 2007 A rollover occured from a regular 401(k) to a SIMPLE IRA this year. I've check the search function but can't find a specific case. Facts: Rollover occured this year, more than 60 days ago, but within 60 days of distribution. Corrected to state it was a direct rollover. Funds were deposited to a SIMPLE IRA Possible Solutions 1. Return as an Excess plus earnings. Client is out of luck for IRA rollover. 2. Re-characterize client reports as being rolled over to traditional IRA. 3. EPCRS and hope for the best. Does it matter who the Employer is for the Simple? JEVD Making the complex understandable. Link to comment Share on other sites More sharing options...
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