‘Such a Huge Tax Hit’: I Cashed Out a $14,000 Inherited IRA, and Now I Owe the IRS. What Can I Do?

An expert weighs in on a Reddit post about a person who reported a massive IRA withdrawal on their tax return — and ended up owing the IRS $2,500.

# ‘Such a Huge Tax Hit’: I Cashed Out a $14,000 Inherited IRA, and Now I Owe the IRS. What Can I Do? An expert weighs in on a Reddit post about a person who reported a massive IRA withdrawal on their tax return — and ended up owing the IRS $2,500. **Read the full article:** [Money.com](https://money.com/cashed-out-inherited-ira-tax-bill/?xid=moneyrss) *This article was originally published by Money.com. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*