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Karishma Kerkar
Oct 2, 2009, 02:04 PM
I am getting a rollover distribution from an IRA from my ex husband and I am a F1(student) Visa Holder. Can I open an IRA and roll it over into my IRA, the distribution I am receiving as my settlement?

AtlantaTaxExpert
Oct 5, 2009, 01:14 PM
Yes, you CAN roll the money into your IRA even though you are a F-1 student.

However, before depositing the money into a rollover IRA, call the custodian to ask HOW the distribution is being made.

If it is being made in your ex-husband's name, then HE is responsible for the taxes on the distribution.

If it is being made in YOUR name, then YOU are responsible and should roll the money over into your own rollover IRA to delay the taxes until later in life, preferably when you retire.