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Retirement tax questions
Double check what happened here.
It is not permitted to rollover an inherited 401k into an IRA in her own name. The IRA must stay in her brother's name.
If you put money into your own IRA, over $6,000 or her earnings, whichever is smaller, you have an excess contribution and that will be penalized until you remove the excess and any earnings that came about.
‎April 7, 2020
2:11 AM