Inherited IRA holding metals
Individual has inherited IRA holding physical silver bars (original owner was age 78 at death, date of death 3/2021). If individual takes delivery of the metals and converts to cash, am I correct to understand this would be a distribution and they cannot do indirect rollover back into another inherited IRA?
Permalink Submitted by Alan - IRA critic on Fri, 2024-11-15 19:08
The IRA custodian may be able to sell the silver within the inherited IRA, which would not be a taxable distribution. But if an actual distribution is received, that value cannot be rolled over. While the beneficiary may have had RMDs waived in 2022-2024, they will have to resume in 2025 and the beneficiary will need liquidity in the IRA to meet the RMD requirement.