414576
You'll need to sign in or create an account to connect with an expert.
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ythorneley
New Member
surfinagin
Level 1
FloridaBound
New Member
dovestree21
Level 3
ccooke236
New Member