jragolia
New Member

Is the RMD from an inherited (non spousal) IRA taxable by NY State?

I inherited a traditional IRA as beneficiary from my mother. She passed before taking the RMD, so it is being distributed now. I am 63, working full time, and live in NY State. I understand that this distribution will be taxable by the IRS, but would the state tax it also? If so, at what rate? Is there a way to roll it into an existing IRA of my own as this year's contribution?