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I inherited my mother's IRA and have withdrawn nearly ...

Sent to Tax Experts October 19 01:11 PM

I inherited my mother's IRA and have withdrawn nearly all of it, at separate times. I live in KY. What can I expect to owe in taxes? The total amount withdrawn was $45,000.

 

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Somerset, Kentucky

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I also want to know if the IRS would know of this if I didn't declare it

Customer (name blocked for privacy)
Status:  Closed   Value: $10
Answer
October 19 1:18 PM (7 minutes and 10 seconds later)
         
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Zhicheng Lai -- Enrolled Agent(EA) -- 98% Positive Feedback on 742 Tax Accepts
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