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Inherited IRA - 10 Year Question
I have gotten some conflicting information about Inhertied IRA. I am a non-spousal recipient of an inherited IRA. The individual passed away in 2023. It seems like I have 10 years to withdraw the balance to $0.
However it seems like 2023 does not count in that 10 year timeframe, because the year of death does not count. That would mean I have until December 31st 2033 to take the account to zero. Is that correct?
Can you provide any additional details on Inherited IRA's that I should be aware of?
Thank you.
‎October 25, 2023
10:05 AM