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Inherited IRA
Hello
I inherited funds from an IRA. 100% of the funds were immediately deposited into an inherited 60 month IRA CD. I did this because the Credit Union told me this would prevent me from having to take yearly contributions since I am 54. The 1099R form has the entire distribution as taxable yet it also has both boxes for 2b checked. This money should not be considered income since I rolled it over. I cannot figure out how to remove this from my taxable income.
Thanks
KC
Topics:
‎April 3, 2021
6:13 PM