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Retirement tax questions
Right. If you were the beneficiary of the IRA (which is apparently the case since you were the one who received the Form 1099-R), it's entirely reportable on your own tax return. Anything that you gave to your sibling was simply a gift from you to your sibling. If your gifts to your sibling in 2021 were more than $15,000 you must file a gift tax return, Form 709.
March 9, 2022
6:29 AM