can an inherited ira be converted to a roth ira
Though death did part you and your spouse, the benefits of your marriage continue to live on in one financial way. Only an IRA inherited from your former spouse can be converted to a Roth IRA. IRAs inherited from anyone else can't be converted.Any IRA passed on to you from a spouse becomes yours to keep or convert as you please.or example, if you have $40,000 in wages for the year and take out $5,000 from the inherited IRA, you can put that $5,000 into a Roth IRA if you haven't already made your IRA contribution for the year.