- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Thanks for replying. With changes in the SECURE Act of 2019, a non-spousal inheritor of a Roth IRA has 10 years to disperse all funds in the IRA if the person died in 2020 or later. In this case, the original owner of the IRA was not old enough for required minimum distributions to apply to them as yet. The 59.5 rule doesn't apply to a beneficiary in this case (https://www.irs.gov/taxtopics/tc557). But, specifically, what I'm trying to get at is why Turbo Tax is considering the dispersement from the inherited Roth IRA as taxable income.
March 6, 2022
5:32 PM