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Level 1
Mar 17, 2021 12:28 PM UTC
Question

IRA Contribution Same Year as RMD

I have a client who has a $11,000 RMD from an inherited IRA. 1) Can he contribute to a separate traditional IRA the same year? 2) If so, can he deduct the IRA contribution?

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1 reply

PhoebeRoberts
Intuit Community Champion
Mar 17, 2021 1:47 PM UTC

The inherited IRA RMD has no special bearing on a client's ability to make a deductible IRA contribution. The normal rules for IRA eligibility and deductibility apply.