Opening an IRA is a fairly simple process -- you can open most of them online with a few clicks. Unfortunately, the rules regarding an IRA you inherited are more complex and often confusing. The rules vary depending on the type of IRA you inherit and your relationship to the original account owner.

If you inherit an IRA, you'll fall into one of three categories: spouse, non-spouse, or entity. Here are three must-know inherited IRA withdrawal rules, depending on the category in which you fall.

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Source Fool.com