dmertz
Level 15

Retirement tax questions

"If you inherited an IRA, you could keep it at the original bank or broker, or you could roll it over to your own bank or broker"

 

I take issue with the use of the word "rollover" in this context.  In technical terms, this movement of an inherited IRA cannot be a rollover.  Such a movement of an inherited IRA is permitted to be done by nonreportable trustee-to-trustee transfer, which is neither a distribution nor a rollover.