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Trustee to Trustee transfer

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ByB

L1: Trustee to Trustee transferWanted to clarify.. I am in year 3 of a SEPP and I choose to transfer my IRA to another investment firm in year 2007. I have been taking monthly withdrawals. My understanding is that there is no problem in the transfer as long as the totalannual distributionfor 2007 from both investment companies equal the same amount that had been withdrawn in prior years from the original firm. Is this correct?
Thank you.2007-02-07 20:07, By: B, IP: [216.153.167.67]

L2: Trustee to Trustee transferThe transfer should create no problems – just keep good records (which you should be doing anyway) and familiarize your self with Form 5329 as neither firm will probably give you a code of ”2”.2007-02-08 02:51, By: Gfw, IP: [74.136.109.63]

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