Does inherited IRA have to be aggregated?

Submitted by Anonymous on Thu, 2012-08-16 15:00

If taxpayer is converting a TIRA to ROTH I know he has to aggregate all his TIRAs, SEPs, SIMPLEs for purposes of computing the taxable amount but does he also have to include an inherited IRA (he’s the non-spouse beneficiary)?

I would think not since it’s not “his”, he can’t add to it nor can he convert it to ROTH.

Agree?

Thanks



Submitted by Alan Spross on Thu, 2012-08-16 17:12

Yes, you are correct.

I expect that aggregation would still not apply even IF or WHEN a non spouse inherited TIRA is allowed to be converted to an inherited Roth IRA.

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