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Get your taxes done using TurboTax
Distribution was made to me as the beneficiary of a death benefit from a retirement account. Do I have to pay tax since the deceased did not pay tax on pre-tax contributions from income or IRA contributions that reduced their taxable income while they were alive? So all IRA amounts distributed to beneficiaries are deemed as taxable income in the year distributed?
March 9, 2022
11:44 AM