Can one Convert a Spouse’s Inherited IRA to a Roth
Client has died, but had begun converting a contributory IRA to a Roth.
Can the spousal beneficiary roll the balance over and convert the rollover to a Roth, obviously in her name? Or must it remain a rollover, and she begin RMDs at 70-1/2.
Permalink Submitted by Alan Spross on Fri, 2009-01-16 03:17
The sole surviving spouse can convert the inherited TIRA directly to a Roth IRA in her name in a single step process. No RMDs are required unless the decedent had an outstanding RMD for the year of death.