IRA distribution used to pay inheritance tax. Do I still have to pay federal tax on that withdawal?

I inherited an IRA which was converted to a beneficiary IRA. I had to withdraw money to pay Maryland State Inheritance taxes. Then got a 1099 for that withdrawal. Do I have to federal

taxes on money withdrawn to pay those taxes?

posted

Yes, it is considered a distribution, and therefore is taxable.

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IRA distribution used to pay inheritance tax. Do I still have to pay federal tax on that withdawal?

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IRA distribution used to pay inheritance tax. Do I still have to pay federal tax on that withdawal?

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IRA distribution used to pay inheritance tax. Do I still have to pay federal tax on that withdawal?

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