Exclusion from income
If—
(A)#
any portion of the balance to the credit of an employee in a qualified trust is paid to the employee in an eligible rollover distribution,
(B)#
the distributee transfers any portion of the property received in such distribution to an eligible retirement plan, and
(C)#
in the case of a distribution of property other than money, the amount so transferred consists of the property distributed,
then such distribution (to the extent so transferred) shall not be includible in gross income for the taxable year in which paid.