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IRA Contribution Same Year as RMD

Npierson7
Level 1

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

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.