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To: CincyRichieRich

If i were to cash out some inherited iras what kind of pemalty would i have to pay?


4 posted on 07/13/2014 4:33:34 PM PDT by al baby (Hi MomÂ…)
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To: al baby
If i were to cash out some inherited iras what kind of penalty would i have to pay?

I would think that info would be on your IRA account website. There are Roth IRAs and standard. I think age may play a factor as well. If you have a CPA do your taxes they may be able to help you as well.

5 posted on 07/13/2014 5:12:02 PM PDT by BipolarBob (Obama - The Scandal a Week President.)
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To: al baby

You’ll have to ask someone who knows for sure but I believe there is no penalties but it would be taxed as ordinary income.


8 posted on 07/13/2014 6:38:23 PM PDT by Lurkina.n.Learnin
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