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Calculating the taxable portion of IRA distributions when you have a traditional and an inherited IRA

Forum|Forum|1 year ago
March 21, 2025
1 reply
0 views

I made post-tax contributions to my traditional IRA, so I have an IRA basis. I also inherited an IRA from my mother. She did not make any post-tax contributions to her IRA. I have had to take distributions from her IRA. Are the two IRAs merged together for purposes of calculating the taxable and tax-free percentages of distributions? Or would distributions from her IRA be 100% taxable? Thanks.

TurboTax Home & Biz Windows

Best answer by CatinaT1

Yes, the one inherited would be 100% taxable.

Employee

these two IRAs must be treated separately.

TurboTax can't handle the case where both IRAs have a basis.

In your situation, that does not concern you.

davenjAuthor

So, are the distributions from the inherited IRA 100% taxable?

Yes, the one inherited would be 100% taxable.

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