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    IRA Contribution Same Year as RMD

    Npierson7
    Level 1
    ‎03-17-2021 07:28 AM

    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 Comment 1
    PhoebeRoberts
    Level 11
    Level 11
    ‎03-17-2021 08:47 AM

    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.





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