@Tbsfca
As per usual, @Opus 17 has misread a post and injected himself into an area of tax law about which he knows next to nothing. This is not at all unusual. The individuals he has tagged actually know less than does he about Section 2518 (which Opus17 most likely did not know even existed prior to this, and perhaps an earlier post).
You already stated that you missed the Section 2518 deadline so there is no qualified disclaimer. Therefore, the inheritance can still be disclaimed, but not for tax purposes. The foregoing statement is simply not arguable, as I am sure you are aware,
Thus, the inheritance can be disclaimed but, again, the sisters cannot "gift" (or transfer) an IRA to a third party. They can, of course, take distributions and gift them to whomever they desire.
To reiterate, I never stated that disclaiming an IRA somehow "makes it a gift".
