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My ex-husband died and I inherited his Roth IRA. Why am I being taxed on it?

Por: MarketWatch Politics June 10, 2023

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CW Dear CW, Yes, $862 is exactly 20% of $4,310, and 20% is a common default withholding percentage found in distribution request forms. In fact, it is the mandatory default percentage for distributions from some retirement accounts. You should be able to specify the rate for any future distributions. In many cases, the withholding can be set to zero. If the funds came from a Roth IRA, they are likely not taxable because I assume “…a very... + full article



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