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Deductions & credits
Yes, because you were your husband's beneficiary, it is an inherited IRA.
If you inherit a traditional IRA, you are called a beneficiary. A beneficiary can be any person or entity the owner chooses to receive the benefits of the IRA after he or she dies. Beneficiaries of a traditional IRA must include in their gross income any taxable distributions they receive but there are special rules if you inherit from your spouse.
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ā€ˇFebruary 3, 2021
11:38 AM