- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can i claim any part of an inherited IRA as a contribution to an IRA?
Topics:
February 2, 2021
3:18 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
No, you cannot claim any part of an inherited IRA as a contribution to another IRA.
The person who left you the IRA already obtained a tax benefit when contributing them to their IRA. Unless you take a taxable distribution from the inherited IRA account, you cannot use them to make a new contribution to another IRA.
February 2, 2021
3:49 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
you cannot do a transfer.
any part of an inherited IRA you take out, you can do what you want with, including deposit into your own IRA.
February 2, 2021
6:24 PM