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Retirement tax questions
@Taxesjmmr wrote:
I have a similar situation. Have you found any information on putting the Estate inherited IRA into another inherited IRA in the the name of the beneficiary (wife). The custodian I am dealing with says I cannot.
You are tagging onto an old post, but if the estate was the benificuary of the IRA then the estate must distribute the proceeds of the IRA to the beneficiaries of the estate on a K-1 form. the IRA itself cannot be transferred to the benificuary (even if you were the only benificuary of the estate) - that is why IRA's allow the IRA owner to name direct beneficiaries of the IRA so that it does not go to the estate.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎December 10, 2020
9:49 PM