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Changes Proposed to Allocation Rules for Rollovers
Journal of Accountancy Link to more items from this source
[Guidance Overview]
Sept. 21, 2014
"Under the new rules, all disbursements of benefits from the [section 401, 403(b) or 457(b)] plan to the recipient that are scheduled to be made at the same time are treated as a single distribution no matter whether the recipient has directed that the disbursements be made to a single destination or multiple destinations. If the pretax amount of the aggregated disbursements that are treated as a single distribution is less than the amount of the distribution that is directly rolled over to one or more eligible retirement plans, the entire pretax amount is assigned to the amount of the distribution that is directly rolled over. If the rollover is to two or more plans, then the recipient can select how the pretax amount is allocated among these plans."

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