<prompt> Human: Hello,I just inherited an IRA from my father and Im in the process of starting my own so that I can transfer the principle without getting hit with too many taxes.My mom has helped me out a lot during my life, so I wanted to give her a part of it.After the dust settles and I get the from the estate in my own roth IRA, is it possible to gift a portion of it to an IRA that is in her name without getting slammed with taxes?x200B;Thanks!  <response>: Was your fathers IRA a Roth IRA or a traditional IRA? How old was he when he died?Note that the new IRA you are opening must specifically be designated as an inherited IRA. You cant just transfer it into an IRA in your own name. And the inherited IRA must remain the same type as the original i.e., traditional-traditional or Roth-Roth, no traditional-Roth conversion is allowed when it comes to an inherited IRA. There are also rules about how much you may be required to withdraw each year to avoid tax penalties. And no, there is no way to transfer any of it to your mother without withdrawing it from the IRA. 