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An inherited pension, even when the decedent was your spouse, is still a tax deferred account. When a distribution is taken form the account, whether monthly or lump sum, it is all** taxable, whether an RMD or not.
** If the account had some cost basis (uncommon), a portion will not be taxable.
An inherited pension, even when the decedent was your spouse, is still a tax deferred account. When a distribution is taken form the account, whether monthly or lump sum, it is all** taxable, whether an RMD or not.
** If the account had some cost basis (uncommon), a portion will not be taxable.
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