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March 1, 2025
Question

inherited IRA in 2010 and pay taxes on distributions Parent earned too much to deduct contributions. Should I be paying taxes on distributions? If not, how to document?

  • March 1, 2025
  • 1 reply
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    1 reply

    March 1, 2025

    Yes, in most cases for inherited IRAs, you would pay the taxes on distributions the same way that the decedent would have.