Rollover question 600K total

If I rollover 300,000 to one IRA Account and 300,000 to a different IRA Account would this violate the one Rollover within 12 Month rule?



It would violate the rule if the distributions were on different days or from different IRA accounts, but would not if there was a single distribution of 600,000 that was rolled over into different accounts. The one rollover limit is measured by the number of distributions, not the number of rollover contributions. 



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