My parents died at 72 years old.I’m the only name on it.What should I do? It was a traditional IRA.Would I be taxed if I took the minimum distribution out at a time?Should I put it  in the estate and are we taxed then?What is the best thing to do?I’m sharing this money with my brothers and sisters even though I was the only beneficiary.

I’m a full time income less student since 2008 , and I withdrew my money from Roth IRA (contributed in 2007)
to pay my tuition.
The amount I contributed was $4000, earning was $264. It was withdrawn less than 5 years after establishing the Roth.
My non reimbursable medical expenses were more than 7.5% of my AGI as well.
Are $4000 that I contributed and distributed early CONSIDERED as a taxable INCOME or NOT?

Last year my income went over the limit of Roth IRA, so I wanted to open a Traditional IRA account, while keeping the Roth at the same time. Is it OK to do that? Can I contribute to the Roth account while having Traditional IRA? Thank you in advance.

Somebody told me that inheritances are not taxable. I inherited a Traditional IRA, but somebody else said to me that it is taxable. Anybody has the answer? And if it is true,then why is that?

 When is the deadline for converting a traditional IRA to a Roth IRA for tax year 2009?

 

Or should I be putting more away? I’m currently 23 yrs. old and I’ve already put away 2,600 since I opened the account when I was 21 yrs. old.

For Required Minimum Distribution, Can I use only one traditional IRA instead of all several traditional IRAs? Thank you very much for answering the question.

I had a Roth IRA opened by my mother-in-law for me and I need to know how to find the information on it. I cant ask her and I all the paperwork has been hidden from me. How can I locate the information if I don’t have any info myself. Can it be located by SSN or tax documents?

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