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Are distributions from inherited IRAs to another Roth IRA considered a required minimum distribution.
I have two inherited IRAs (one traditional and one roth) that I am taking distributions from to fully fund a new roth IRA. I am fully funding my new roth IRA by taking $3250 from each inherited IRA. I will continue to do this annually until the inherited IRAs are depleted within the 10 year requirement. How much of these distributions should be considered an RMD?
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March 9, 2024
7:48 AM