Small Business Taxes & ManagementTM--Copyright 2020, A/N Group, Inc.
Roll To -------------------------------------------------------------------------------------- Roth Traditional SIMPLE SEP-IRA Govn't Qualified 403(b) Designated Roth IRA IRA 457(b) Plan (pre) (pre) (401(k), 403(b), 457(b)) Roll From Roth IRA YES(1) NO NO NO NO NO NO NO Traditional IRA YES(2) YES(1) YES(2) YES(2) YES(3) YES YES NO SIMPLE YES(2) YES(1) YES(1) YES(1) YES(3) YES YES NO SEP-IRA YES(2) YES(1) YES(1) YES(1) YES(3) YES YES NO Governmental 475(b) YES(2) YES YES YES YES YES YES YES(2)(4) Qualified Plan YES(2) YES YES YES YES(3) YES YES YES(2)(4) 403(b) YES(2) YES YES YES YES(3) YES YES YES(2)(4) Designated Roth YES NO NO NO NO NO NO YES(5)Notes:
--Qualified Plans include profit-sharing, 401(k), money purchase and defined benefit plans.
--pre in the headings above indicates pre-tax contributions.
--Rolls from SIMPLE IRA to other plans; from SEP IRA to SIMPLE IRA; from 457(b), qualified plan (pretax), 403(b) (pretax), designated Roth account (401(k) etc.) only after 2 years.
1. Only one rollover in any 12-month period.
2. Must include in income
3. Must have separate accounts
4. Must be an in-plan rollover
5. Any amounts distributed must be rolloved over via direct (trustee-to-trustee) transfer to be excludable from income.
Copyright 2020 by A/N Group, Inc. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is distributed with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional should be sought. The information is not necessarily a complete summary of all materials on the subject. Copyright is not claimed on material from U.S. Government sources.--ISSN 1089-1536
--Last Update 12/05/20