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Inherited IRA
I inherited 1/3 of an IRA from a relative who was 80 years old when she passed away. The total of the portion I received was a little under $20,000. I took the cash out option in 2023. In doing my taxes, do I select "Not eligible for exclusion for those over 59 1/2" in regards to the question, "Where is your distribution from?" In my case, it is either this or "None of the above."
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May 20, 2024
1:29 PM