jlogru
New Member

Who pays taxes? My moms estate inherited an IRA. I inherited said IRA thru moms estate. Does her estate pay the taxes for liquidating IRA or do I?

My aunt had the IRA and passed away 2/3/22. My mom was primary beneficiary and I was secondary. My mom passed away 11 days after my aunt nullifying my role as secondary beneficiary but was hospitalized and never had a chance to do anything with the IRA. So my moms estate liquidated the IRA and, as her sole heir, I will receive the funds from the liquidated IRA. The bank tells me the estate will pay the taxes and my probate attorney says I will. Who is right?