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Non-Deductible Portion of Inherited IRA
A few years ago, I inherited an IRA from my mother. There were some non-deductible contributions (about $2000) made to this IRA, so every year, I have to add up the value of my IRAs and do the ratio thing. It would simplify things for me and the IRS if I could just withdraw all of that non-deductible contribution instead of carrying on forever. But there's no way to do so, is there? (I have actually withdrawn the entire inherited IRA this year, but the carryover will remain, correct?)
‎February 25, 2021
6:51 PM