I inherited an IRA from my father this year (not a Roth). I know that typically inheritance is not included in AGI, but does this apply to IRA distributions? I know I have to pay taxes on it but wasn't sure if that means it counts towards my 2021 AGI. We received the 3rd stimulus check and I'm worried if I take a distribution this year, it will put us over the limit and we will have to pay it back -- same with the advance on the child tax credits. We are at about 126k AGI right now.
I would appreciate any help!
thank you!
