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Level 2
January 21, 2025
Solved

If I inherited an IRA in 2023, does it still count as inherited for 2024?

  • January 21, 2025
  • 2 replies
  • 46 views
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    Best answer by MindyB

    Expert Reviewed

    Yes, if you inherited the IRA, even in a prior year, you should check the box that it was inherited.

     

    Here is an article that discusses inherited IRAs, and how they differ from a non-inherited IRA: How Does an Inherited IRA Work?

    2 replies

    MindyBAnswer
    Level 13
    January 21, 2025

    Expert Reviewed

    Yes, if you inherited the IRA, even in a prior year, you should check the box that it was inherited.

     

    Here is an article that discusses inherited IRAs, and how they differ from a non-inherited IRA: How Does an Inherited IRA Work?

    jfbonlineAuthor
    Level 2
    January 21, 2025

    @MindyB Thanks so much.  Both the response and the article were very helpful.  Have a good evening.