AmyT
New Member

Retirement tax questions

One way to handle these funds would be for you and your father to agree that this is a gift.  Since the total amount is below the reporting threshhold for gifts (which is $14,000), there would be no reporting or tax consequences to either you or him.  

This would be the simplest way to handle this and would provide the best tax result to you without creating any problems or additional reporting for your father.