Answer

A rollover (or rollover contribution) is a redeposit of assets that were withdrawn from a retirement account, such as an http://cao.ztf.mybluehost.me/definitions/ira IRA, qualified plan, http://cao.ztf.mybluehost.me/definitions/403bplan 403(b) account or a http://cao.ztf.mybluehost.me/definitions/457plan 457(b) plan, to an eligible retirement account/plan. (See chart on page 1 for the plans between which rollovers can be completed.) There are two types of rollovers, http://cao.ztf.mybluehost.me/definitions/indirectrollover indirect rollovers and http://cao.ztf.mybluehost.me/directrollover direct rollovers. The withdrawal for both types are reported on IRS http://cao.ztf.mybluehost.me/definitions/1099rirsform Form 1099-R. If the receiving account is an IRA, the rollover is reported on IRS http://cao.ztf.mybluehost.me/definitions/5498form Form 5498.

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