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