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Get your taxes done using TurboTax
What is the treatment on K1 if the beneficiary chooses to roll their portion of the distribution into an inherited IRA? I know this is an option, and can defer withdrawal (income to the beneficiary) over 5 years in this case. How do I (the executor) report to the beneficiary the amount available to roll over and therefore exclude from income on their 1040?
‎November 9, 2023
5:51 AM