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Subject:  Inherited IRA Date:  8/12/2001  3:35 PM
Author:  miji Number:  53277 of 128109

I inherited an IRA from my mother that I put into a beneficiary account that I can take out over my lifetime. I paid estate taxes on the value of the account at her date of death and pay income tax on the distributions as I take them. I just read something that said if the IRA had been funded with non-deductible contributions, it might not be necessary to pay income taxes on the whole distribution amount. This prompted me to look at one of my Mom's old tax returns and found that there were in fact non-deductible contributions. It would take a lot to go back through all her old returns and piece it together so I'm trying to figure out if it's true and what exactly is involved.

I'd appreciate any guidance. Thanks in advance.
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