LisaBr
New Member

Retirement tax questions

Your 1099-R, Box 7, must have code of 4, to claim the 10% death exception.

You will need to contact the firm that issued your 1099-R for a correction.

You will be taxed on the distribution but should be able to avoid the 10% penalty.

The following article from Fidelity is very beneficial for non-spouse inherits of retirement accounts:

https://www.fidelity.com/viewpoints/retirement/non-spouse-IRA

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