same property rule


Regulation concerning how assets may be rolled over from one IRA to another. A person who withdraws an asset from an IRA with the intention of rolling it over into another IRA must purchase the same type of asset in the new IRA. For example, if an individual withdraws cash from an IRA it must be rolled over into a new IRA as cash, not as stocks or bonds.
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Same Day Funds Settlement same-day substitution