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Individual Retirement Account Transfer
An Individual Retirement Account transfer occurs when an existing IRA is transferred directly from one IRA account to another, without converting the assets to cash and issuing a check to the account owner for the transfer. This is also called a custodian-to-custodian transfer. Because there is no distribution of IRA funds made to the IRA owner/participant, no IRS reporting is required, and no amounts need to be withheld from the amounts or assets being transferred.
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Individual Retirement Account Transfer 
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