Can an Inherited IRA be converted to a Roth IRA

Submitted by Todd Chambers on Tue, 2008-05-20 13:29

I have a client who inherited her moms IRA and it is in the ditribution phase. Can this child convert her mom’s inherited IRA to a Roth and if so does this eliminate the need for RMD’s

Thanks,

Todd



Submitted by Alan Spross on Tue, 2008-05-20 18:03

Todd,
No, a non spouse beneficiary cannot convert an inherited TIRA to a Roth (Pub 590, top of page 30). The beneficiary must continue to take the RMD at a minimum.

If the beneficiary has earned income and is eligible for a regular Roth IRA contribution, they could use the RMDs to help fund that contribution.



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