Retirement tax questions


"you won't see a question regarding rolling the funds to a ROTH IRA account."

You won't see the question because what you did is not permitted.

you can't roll funds into or out of an inherited IRA.

 

a conversion is a treated as a rollover for Roth purposes.

the fact that your code is 4 means your contribution into a Roth IRA is an excess contribution to the extent it exceeds your allowed Roth contribution amount, if any.

 

Only a spouse beneficiary can elect to treat the Inherited IRA as their own and have it retitled with spouse as owner.

at that point it in no longer an inherited IRA and can be converted to Roth

 

@shishirshah