Chapter 4 - Rollovers & Transfers from IRAs Example: On January 15 of this year Joseph takes a distribution from his Traditional IRA. He rolls over this distribution on February 1. On June 2 of this year, Joseph converts funds from his Traditional IRA to a Roth IRA. He is not barred from doing this conversion because he rolled over IRA assets within the same 365-day period. Exception for Improper Levy Per the Bipartisan Budget Act of 2018 (BBA 2018), an improper levy that is rolled over is not subject to the one-rollover-per-year rule. (See Exception to 60-Day Rollover Rule for an Improper Levy) Additional Exceptions to the One-Rollover-Per-Year-Rule There are additional exceptions to the one-year-rollover-per-year rule than what is listed above. They are: * Qualified Disaster Recovery Distributions * Qualified Birth and Adoption Distributions * Qualified Reservist Distributions IRA Digital Reference Manual © PMC