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Is A Distribution To A Beneficiary Of A Traditional IRA Subject To Gift Tax?
Example:
Primary beneficiary of a decedent's Traditional IRA is a daughter.
Is that distribution subject to a gift tax (Form 709)?
I believe I read that distributions to someone identified as a beneficiary do not qualify as gifts subject to a gift tax. Can anyone identify a source for this?
Topics:
March 23, 2021
9:44 PM