Hi All,
I live in NY, inherited part of a Roth IRA recently, and was wondering what the situation is regarding taxes on withdrawing the money. I set up a new inherited Roth IRA account for the money to go into. Vanguard has told me four different things about whether or not I'll be taxed by the IRS if I take some money (about 18k+) out of this inherited Roth IRA account. Anyone know for sure?
The original Roth IRA account was definitely older than five years.