Rollover of after-tax

[FundeK]

With the passing of EGTRRA, it is now allowable to rollover pre-tax money from an IRA to a QP. It is also allowable to rollover pre-tax and after-tax from one QP to another QP.

Can a participant rollover after-tax funds from a QP to a "Condiut" IRA, and then from the "Conduit" IRA to another QP (assuming the QP accepts after tax)? Or, does the after-tax loose it's rollover ability once it hits the IRA?

[Appleby]

does the after-tax loose it's rollover ability once it hits the IRA?

Yes. After tax assets in a QP can only be rolled to another QP as a direct rollover.