dsudlik
New Member

Do I have to pay tax on wife's IRA that passed to me on her death and which I then transferred to her children per her will?

When my wife died Fidelity transferred her IRA into my name and pursuant to her will I transferred the funds equally to her children as stated in her will. Fidelity lists the amount on the 1099-R as a taxable distribution to me and it is listed as taxable to me even though I never saw any money. Do I pay taxes on the distribution even though I was following her will?