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Interactive Brokers not allowing futures trading in IRAs

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Legendary Market Wizard
Houston, TX
 
Trading Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
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Be careful when transferring your IRA's.
There were new US IRS Tax Rules that came into effective in 2015 which I believe only allows individuals to make one transfer a year. Additional transfers I believe can be taxed.

IRS Clarifies Application of One-Per-Year Limit on IRA Rollovers, Allows Owners of Multiple IRAs a Fresh Start in 2015
"Although an eligible IRA distribution received on or after Jan. 1, 2015 and properly rolled over to another IRA will still get tax-free treatment, subsequent distributions from any of the individualís IRAs (including traditional and Roth IRAs) received within one year after that distribution will not get tax-free rollover treatment. "

NOTE: I'm a trader not an accountant. While I believe this information to correct it actually may not be so you should probably check with your accountant.

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