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New Member
posted Mar 9, 2024 7:48:53 AM

Are distributions from inherited IRAs to another Roth IRA considered a required minimum distribution.

I have two inherited IRAs (one traditional and one roth) that I am taking distributions from to fully fund a new roth IRA. I am fully funding my new roth IRA by taking $3250 from each inherited IRA. I will continue to do this annually until the inherited IRAs are depleted within the 10 year requirement. How much of these distributions should be considered an RMD?

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2 Replies
Expert Alumni
Mar 9, 2024 8:13:32 AM

No, you cannot withdraw a required minimum distribution (RMD) from one retirement account and then place those funds in another retirement account.  If you have earnings/compensation that would allow you to place money into a retirement account then you can make a contribution (Traditional or Roth).

  • IRA Contribution Limits
  • Required minimum distributions (RMDs) are the minimum amounts you must withdraw from your retirement accounts each year. You generally must start taking withdrawals from your traditional IRA, SEP IRA, SIMPLE IRA, and retirement plan accounts when you reach age 72 (73 if you reach age 72 after Dec. 31, 2022).
  • Roth IRAs do not require withdrawals until after the death of the owner. Designated Roth accounts in a 401(k) or 403(b) plan are subject to the RMD rules for 2022 and 2023. However, for 2024 and later years, RMDs are no longer required from designated Roth accounts. You must still take RMDs from designated Roth accounts for 2023, including those with a required beginning date of April 1, 2024.

The link below will help you decide which category you are in as beneficiary for the withdrawal rules.

Level 15
Mar 9, 2024 10:23:01 AM

The entire amount of each of these distributions is RMD for the purpose of answering TurboTax's question.