Leonard inherits a traditional IRA from his father.Leonard may roll over the IRA into his own and defer any distribution from it until age 70 1/2.

Name: Leonard inherits a traditional IRA from his father.Leonard may roll over the IRA into his own and defer any distribution from it until age 70 1/2.
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Leonard cannot roll over an inherited IRA into his own. He must take required minimum distributions based on his life expectancy or follow the 10-year rule, depending on the circumstances.

Leonard Inherits a Traditional IRA from His Father