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Financial Planning / Tax Strategies


Subject:  Tax Issues on Inherited Annutiy Date:  4/6/2013  10:18 AM
Author:  inparadise Number:  118304 of 129584

In 2012 I received an inherited annuity which I rolled over into an inherited IRA, from which I am receiving RMDs. According to the 1099R from the annuity co, about half was taxable, half was not. Should I have split this up into an inherited Roth for the non-taxable amount and a regular inherited IRA for the taxable, or do we just get taxed on the whole RMD? Had I cashed it in rather than rolled it over, I only would have been taxed on half of it.


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