Common use of Repayment of a Qualified Birth or Adoption Distribution Clause in Contracts

Repayment of a Qualified Birth or Adoption Distribution. You rollover if the SIMPLE IRA distribution is deposited within 60 may take a distribution of up to $5,000 for a qualified birth or calendar days following the date you receive the distributed assets. adoption within one year of the birth or from when the adoption is portion of your SIMPLE IRA assets to a Xxxx XXX. Your conversion SIMPLE IRA to Xxxx XXX Conversions. You may convert all or a Movement of Assets Between SIMPLE and Xxxx IRAs. homebuyer distribution where there is a delay or cancellation in the purchase or construction of the home. You are limited to one rollover per 1-year (12-month) period. You may only roll over one IRA distribution per 1-year period aggregated between all of your IRAs. For this purpose IRA includes rollovers among traditional (including SEP), SIMPLE, and Xxxx IRAs. For example, if you have IRA 1, IRA 2, and IRA 3, and take a distribution from IRA 1 and roll it over into a new IRA 4, you will have to wait 1 year from the date of that distribution to take another distribution from any of your IRAs and subsequently roll it over into an IRA. The 1-year limitation does not apply to rollovers related to first-time homebuyer distributions, distributions converted to a Xxxx XXX, and rollovers to or from an employer-sponsored eligible retirement plan.

Repayment of a Qualified Birth or Adoption Distribution. You rollover if the SIMPLE IRA XXX distribution is deposited within 60 may take a distribution of up to $5,000 for a qualified birth or calendar days following the date you receive the distributed assets. adoption within one year of the birth or from when the adoption is portion of your SIMPLE IRA XXX assets to a Xxxx XXX. Your conversion SIMPLE IRA XXX to Xxxx XXX Conversions. You may convert all or a Movement of Assets Between SIMPLE and Xxxx IRAs. homebuyer distribution where there is a delay or cancellation in the purchase or construction of the home. You are limited to one rollover per 1-year (12-month) period. You may only roll over one IRA XXX distribution per 1-year period aggregated between all of your IRAs. For this purpose IRA XXX includes rollovers among traditional (including SEP), SIMPLE, and Xxxx IRAs. For example, if you have IRA XXX 1, IRA XXX 2, and IRA XXX 3, and take a distribution from IRA XXX 1 and roll it over into a new IRA XXX 4, you will have to wait 1 year from the date of that distribution to take another distribution from any of your IRAs and subsequently roll it over into an IRAXXX. The 1-year limitation does not apply to rollovers related to first-time homebuyer distributions, distributions converted to a Xxxx XXX, and rollovers to or from an employer-sponsored eligible retirement plan.