Author Topic: Roth conversion or distribution rollover of inherited IRA  (Read 1191 times)

Recliner

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Roth conversion or distribution rollover of inherited IRA
« on: February 13, 2018, 10:47:37 AM »
I have an inherited IRA with about $25k in it. At the end of 2017 I took the recommended minimum distribution of about $475. While doing my taxes today the tax software asked if I converted part or all of the distribution from a traditional IRA to a Roth IRA.

I didn't, but can I now? I took the distribution at the very end of December.

It also asked if I did a rollover of part or all of the distribution into a traditional IRA within 60 days.

I have a traditional IRA already with vanguard, could I just add the $475 inherited IRA distribution to my traditional IRA?

I don't need the $475 and would rather it stay in a tax advantaged account vs being in a taxable brokerage account

 

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