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Hello elmo039,
Yes, if there was a distribution form IRA account to the beneficiary, beneficiary will receive 1099-R that s/he need to report on the tax return. 1099-R will have distribution amount and taxes paid to the agency that will be reported on the tax return.
Thanks for participating in TurboTax's Ask the Expert event today. I hope this information was helpful!
‎October 30, 2024
9:19 AM