Have a Tax Question? Ask a Tax Expert
You cannot borrow from an IRA. You are allowed to rollover amounts form your IRA to another IRA within 60 days and some people think of this as borrowing.
You can take money out of the inherited IRA but you cannot rollover amounts form the IRA to another unless you were the spouse of the deceased.
If you were not the spouse you cannot do what you want to do. You can take the money out and use it but it will be taxable to you.
I wish I could tell you that you can carry on with your plan.
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