Inherited Roth IRA

rico62
rico62 Member Posts: 5 Newcomer
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I inherited 2 Roth IRAs in 2019. The calendar would indicate I am at the end of the 5 year inheritance rule, but the 2020 covid law may mean I have until the end of 2025 to distribute the accounts. Is that true?

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  • LeahB
    LeahB FreeTaxUSA Agent Posts: 10
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    Hello rico62, this is a great question! According to the IRS, the year 2020 did not count towards the five years. This does essentially give you six years to distribute the inherited IRA.
    Reference "Waiver of required minimum distributions for 2020, rollover extended".
    Coronavirus Relief for Retirement Plans and IRAs
    This specific information can be found in the second to last paragraph of the referenced section.

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