Are there any special rollover rules that apply to a distribution from a SIMPLE IRA?
Section 408(d)(3)(G) provides that the rollover provisions of section 408(d)(3) apply to a distribution from a SIMPLE IRA during the 2-year period (described in Q&A 2 under the Distribution section above) only if the distribution is paid into another SIMPLE IRA. Thus, a distribution from a SIMPLE IRA during that 2-year period qualifies as a rollover contribution (and thus is not includable in gross income) only if the distribution is paid into another SIMPLE IRA and satisfies the other requirements of section 408(d)(3) for treatment as a rollover contribution.
