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Kessler1
Level 2

Inherited Traditional IRA taxes

I inherited a traditional IRA in 2020.  If I have the brokerage fees withdrawn from the IRA, is that a taxable withdrawal?

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‎September 16, 2020 8:58 AM
last updated ‎September 16, 2020 8:58 AM
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macuser_22
Level 15
Level 15

Inherited Traditional IRA taxes

Yes.  Any distribution from a Traditional IRA is taxable income reguardless of what the money is used for.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎September 16, 2020 12:20 PM
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