IRS Provides More Clarity on New Rollover Rule

December 2014
Plan Sponsor News;2014, p1
Trade Publication
The article reports on the Notice 2014-2054 issued by the U.S. Internal Revenue Service (IRS), which has provided answers to questions received about the single-distribution rule for rollovers from retirement plans. It mentions that each distribution from the retirement plan must include a proportional share of the after-tax and pre-tax amounts in the account. It mentions how to roll over after-tax contributions to a Roth IRA and roll over earnings on after-tax contributions.


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