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How much of my inheritance can I put in my IRA?

asked by melkins (9)

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Tags:  finance

answers

You can put in as much or as little as you want. There is a limit on how much you can deduct on your taxes.

6 votes

You can only put earned income into an IRA. You can put NONE of an inheritance in an IRA. It will have to be invested in a regular account.

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posted by oldmom (694)
5 votes

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