Hi all,
I inherited a Roth IRA last year (Feb. 2022) after my father passed away and I'm wonder if I have to pay any taxes on it. I know you have to pay taxes when you put money into a Roth IRA but I'm not sure what happens when you inherit one. So, my questions are:
1) Is there any sort of inheritance tax (or other tax) I need to pay?
2) If I do need to pay taxes on it, how do I report it in turbo tax?
Thank you in advance for any help.
