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Get your taxes done using TurboTax
1. You do not pay tax on inheritance. So there is no tax due when you inherit a Roth IRA account.
2. Withdrawals of contributions from an inherited Roth are tax free. Most withdrawals of earnings from an inherited Roth IRA account are also tax-free. However, withdrawals of earnings may be subject to income tax if the Roth account is less than 5-years old at the time of the withdrawal.
Please read this IRS document for more information.
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‎February 1, 2023
10:22 AM
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