can nonspousal beneficiaries roll traditional ira to roth
Can a non-spousal beneficiary roll a traditional ira to a roth ira? At one time Pub 590 sated that that was not permitted and I can’t find it in the latest publication–any help out there?
Can a non-spousal beneficiary roll a traditional ira to a roth ira? At one time Pub 590 sated that that was not permitted and I can’t find it in the latest publication–any help out there?
Permalink Submitted by mk foss on Tue, 2011-10-11 21:36
A nonspouse beneficiary has never been able to roll the inherited traditional IRA to a Roth IRA. Nonspouse beneficiaries of qualified plans can transfer the inherited benefits to a Roth IRA though.