How many rollovers allowed per year?

[Richard Anderson]

My understanding is that only one rollover distribution is allowed per year.

Is that limitation a limitation per account or per individual?

For example, if a person has two seperate IRA accounts, may he have two rollover distributions per year, one for each account?

Or is the person limited to one rollover distribution per year, without regard to the number of IRA accounts?

[mbozek]

IRS proposed regulations have allowed one rollover every 12 months from each IRA owned by an individual. prop. reg 1.408-4(B)(4)(ii). Rollover from regular IRA to Roth IRA is not counted.

[papogi]

Per account. If you have two accounts, you are allowed one rollover per account. Keep in mind that there are no limits to the number of trustee to trustee transfers you make each year.

[John G]

Trustee to trustee is ussually the way to go. You do not have to worry about a 60 day window to get it done, your future option or change custodians is preserved, and a lower probability that something will go wrong like a check lost in the mail.