Distributions from Inherited IRAs

It is becoming increasingly common for individuals to inherit IRAs. By inheriting an IRA, we mean when you become entitled to some or all of the balance in a deceased account owner's traditional IRA or Roth IRA by virtue of being designated as an account beneficiary.

In this scenario, you may think your share of the inherited IRA can be rolled over tax-free into your own IRA before the familiar 60-day deadline for rollovers has passed.