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Can I convert/rollover an inherited non-qualified annuity to a Roth IRA?
Hi,
If I inherit a non-qualified, deferred annuity - can I roll it over into a Roth IRA?
The reason for doing this would NOT be to avoid paying taxes on any capital gains the annuity has made.
The reason is so I could contribute the whole amount of the inherited annuity into a Roth IRA in
a single year, rather than having to contribute a max of $6,500 each year over MANY years instead.
Thank you so much,
‎October 23, 2023
6:51 AM