Chapter 4 - Rollovers & Transfers from IRAs Rollover and Transfer Comparison Chart The chart below compares the two transactions that may be used to move funds from one IRA to another IRA of the same type. Funds may be moved from Traditional IRA to Traditional IRA or from Roth IRA to Roth IRA by rollover or by transfer. TRANSFER Taxable to IRA Owner? Funds payable to? Reporting by IRA sponsor to IRS? Reporting by IRA owner to IRS Withholding Applicable? 60-Day Rule Applicable? Limits on frequency? Available to a spouse beneficiary? Available to a nonspouse beneficiary? Available without tax consequences in divorce? No New IRA sponsor No No No No None Yes Yes. Nonspouse beneficiary may transfer funds to another beneficiary IRA. Yes. With court-approved property settlement. No IRA owner Yes. On Form 1099-R and on Form 5498. Yes. On federal income tax return. Yes Yes IRA owners are limited to rolling over one distribution in a 365-day period. Yes No. A distribution to a nonspouse beneficiary may not be rolled over. No ROLLOVER IRA Digital Reference Manual © PMC