ARJin43
New Member

Is my inherited IRA exempt of the 10% penalty?

Inherited ira in 2017, when I took my rmd for 2017.  This year, i withdrew 49k, which is almost 28k more than my rmd.  Am i subject to the 10% penalty?  TT says that I must pay the penalty on the whole amount plus taxes due.  Help!!  Thank you.

I moved the money to an inherited IRA under my name in 2017.