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Some distributions–which is what the IRS calls IRA withdrawals–from an inherited IRA are mandatory. Keep in mind, though, that any voluntary orrequired minimum distribution (RMD)from the account is taxable, depending on the type of IRA involved and the beneficiary's relationship to the deceased...
If the money is withdrawn before you reach the age of 59½, there's a 10% tax penalty imposed by the IRS (unless you have a qualified exemption), and the distribution would be taxed at your income tax rate.4If you inherit a traditional IRA to which both deductible and nondeductible ...