@wyoguice wrote:
Box 7 was checked. This was an inherited Traditional IRA. The balance of the Traditional IRA was withdrawn and account closed. Subsequent to the CARES Act, the exact amount withdrawn from the Traditional IRA was redeposited into a different Traditional IRA account at a different brokerage firm within the allowable timeframe.
That present a different issue. Inherited IRA's must be maintained in a benificuary account in the name of the deceased unless you are the spouse of the deceased then you can treat it as your own IRA.
If you are not the spouse of the deceased then I do not believe what you did is legal unless it was a benificuary account.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
