Can distributions from a designated Roth account be rolled over to a designated Roth account of another employer or into a Roth IRA?
The proposed regulations provide that if the portion of a distribution from a designated Roth account under a plan qualified under section 401(a) that is not includible in income is to be rolled over into a designated Roth account under another plan, the rollover of the distribution must be accomplished through a direct rollover (i.e., a rollover to another designated Roth account is not available for the portion of the distribution not includible in gross income if the distribution is made directly to the employee) and can only be made to a plan qualified under section 401(a) which agrees to separately account for the amount not includible in income (i.e., it cannot be rolled over into a section 403(b) plan). If a distribution from a designated Roth account is made to the employee, the employee would still be able to roll over the entire amount (or any portion thereof) into a Roth IRA within 60 days of receipt. Under section 402(c)(2), if only a portion of the distribution is rolled o
Related Questions
- Can an employee roll over distributions from a designated Roth account to another employers designated Roth account or into a Roth IRA?
- Can distributions from a designated Roth account be rolled over to a designated Roth account of another employer or into a Roth IRA?
- Can I roll over distributions from a designated Roth account to another employers designated Roth account or into a Roth IRA?
