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Hoots : Can I rollover a traditional IRA into a self-employed 401k if the self-employed business had no income this year? I have a self-employed 401k, and I want to rollover a traditional IRA into it. My self-employed business has - freshhoot.com

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Can I rollover a traditional IRA into a self-employed 401k if the self-employed business had no income this year?
I have a self-employed 401k, and I want to rollover a traditional IRA into it. My self-employed business has no income this year, and I'm wondering if the rollover is allowed without tax penalties.

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Limitations of money you earn only applies to contributions. Transfers, rollovers and conversions don't require income. Gap years are great times to do conversions etc. that may have tax consequences.

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