Question
Which of the following statements is true of a distribution rollover (not a trustee-to-trustee transfer) from a retirement plan?
| | Assuming there are no unusual events, the taxpayer has a maximum of 60 days in which to transfer funds to a new plan. |
| | The taxpayer must withold 35% for federal taxes. |
| | The taxpayer must instruct the trustee of the retirement plan to transfer assets to the trustee of another plan. |
| | All of the above are true. |
| | In one year, there is no limit to the number of times a taxpayer can request a distribution rollover from one IRA to another IRA. |