which of the following statements is(are) correct regarding rollovers from qualified plans or iras? distributions from qualified plans and iras require 20% mandatory withholding for federal income taxes if a trustee-to-trustee direct transfer is not used to execute a rollover. a taxpayer is limited to one ira rollover in a one-year period (on a 365-day basis) unless the rollover is a trustee-to-trustee direct transfer. a distribution from a qualified plan may not be rolled over to a governmental section 457 plan. if a qualified plan participant has an outstanding loan from a qualified plan upon separation from service, the participant may roll over the loan into a rollover ira as long as loan repayments continue at least quarterly.