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Conversion from Inherited IRA to Roth IRA?

Can we do a conversion from a non-spousal Inherited IRA to a non-inherited Roth IRA (i.e. my own)?

I thought IRS Pub 590-B clearly states that we cannot. But I do not see that now.

Instead....

On page 5 ("Traditional IRAs" / "What If You Inherit An IRA" / "Inherited from someone other than your spouse"), it states: ``you cannot __roll_over__ any amounts into or out of the inherited IRA``.

On page 1 ("What's New [...]"), it states: ``you can also make as many __rollovers__ from a traditional IRA to a Roth IRA (also known as __"conversions"__).``

So it would seem that a conversion is a rollover, and the paragraph on page 5 disallows rollovers from non-spousal Inherited IRAs.

Right?

Can someone cite an affirmative statement that is directly on point?

Reply to
joeu2004.5
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IRC Section 408A(d)(3) contains the rules for rolling over / converting an eligible retirement plan to a Roth IRA. It tells you that the amount being moved must be a "qualified rollover distribution." A qualified rollover distribution is defined in IRC Section 408(d)(3). This section tells you that distributions from an inherited IRA are not qualified rollover contributions.

SO.... you can not convert an "Inherited IRA" to a Roth.

Reply to
Alan

Thanks for the code citations. Exactly what I needed.

Reply to
joeu2004.5

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