In-plan Roth conversion after having already done a trustee-to-trustee transfer
If a person has already done a direct trustee-to-trustee transfer out of their pension (401a) to a Traditional Rollover IRA in 2020, does the IRS permit now also this year doing an In-Plan Roth conversion within their 401k? Thank you.
Permalink Submitted by Alan - IRA critic on Mon, 2020-11-02 15:22
Yes. If you are thinking of the one rollover rule, that only applies to IRA to same type IRA 60 day rollovers. Neither of these transactions fit into that category.