I inherited a retirement account, what are the tax implications?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

Inherited retirement accounts often have tax implications that depend on the type of account, such as a traditional IRA, Roth IRA, or employer plan, and on how the account was inherited. In many cases, the timing and form of withdrawals can affect whether amounts are treated as ordinary income, part For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.