turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I inherited an IRA. How do I verify that it is set up to allow distributions over my lifetime vs. required to withdraw over 5 years?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

I inherited an IRA. How do I verify that it is set up to allow distributions over my lifetime vs. required to withdraw over 5 years?

Talk to the IRA custodian to see what YOU set it up to do since that was your decision to make when the IRA was put in your name as the beneficiary.

I inherited an IRA. How do I verify that it is set up to allow distributions over my lifetime vs. required to withdraw over 5 years?

Start taking the RMD (at least) in the  calendar year after the date of death and you will be on the desired path.
It is your responsibility to do that.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies