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P
palloalto
March 1, 2025
Question

If I took a distribution from a trad IRA, deposited it in a chkg. acct, then made online contributions to a Roth and an HSA, is this a rollover and/or conversion?

  • March 1, 2025
  • 1 reply
  • 0 views
They are not the same investment companies, and it was a withdrawal to my checking account and then "reinvested."

    1 reply

    M
    MAK70
    March 1, 2025

    Yes, if they were deposited into the new accounts within the 60 day period.  Note: You can only make one HSA rollover per lifetime.   

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