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Retirement tax questions
If you inherited an IRA from your father, you should have set up an "Inherited IRA" account. This account needs to be separate from your own account(s) and must be depleted within 10 years.
If you rolled it over, you essentially took the distribution and later made a contribution.
The situation with IRA accounts which are inherited changed in 2020 because of the SECURE Act.
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March 28, 2024
12:54 PM