Is the inherited ira taxable and for what amount
Problem
Mike inherited an IRA account of $12,000 from his father. He took $5,500 out of the account to meet living expenses in 2021. Is the Inherited IRA taxable and for what amount?
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Mike inherited an IRA account of $12,000. He took $5,500 out of account to meet living expenses in 2021. Is the Inherited IRA taxable and for what amount?
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