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Can i claim any part of an inherited IRA as a contribution to an IRA?
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Can i claim any part of an inherited IRA as a contribution to an IRA?
No, you cannot claim any part of an inherited IRA as a contribution to another IRA.
The person who left you the IRA already obtained a tax benefit when contributing them to their IRA. Unless you take a taxable distribution from the inherited IRA account, you cannot use them to make a new contribution to another IRA.
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Can i claim any part of an inherited IRA as a contribution to an IRA?
you cannot do a transfer.
any part of an inherited IRA you take out, you can do what you want with, including deposit into your own IRA.
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