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emc011075, Tax adviser
Category: Tax
Satisfied Customers: 2193
Experience:  IRS licensed Enrolled Agent and tax instructor
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If I move my IRA investment from on company to another are

Customer Question

If I move my IRA investment from on company to another are these funds Taxable?
Submitted: 6 months ago.
Category: Tax
Expert:  emc011075 replied 6 months ago.
Hi. My name is ***** ***** I will be happy to help you. As long as you do a rollover into another IRA or another retirement vehicle this transfer will not be taxable. To make it least complicated, try to do trustee to trustee direct rollover, do not allow the current IRA administrator to issue you a check. Open a new IRA and request your funds to be transferred (rollover) directly into your new one, without you touching it.
Customer: replied 6 months ago.
Expert:  emc011075 replied 6 months ago.
Anything else I can help you with today?
Expert:  emc011075 replied 6 months ago.
And if this answered your question, please take a moment to rate my response so that I may receive credit for assisting you today. You find the rating bar on the top of the page – 5 stars. However, if you need clarification, or want to discuss this issue further, let me know. Thank you.

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