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New Member
posted May 31, 2019 11:53:54 PM

I was told that state tax is not nessesary for a “death distribution” from a beneficiary IRA.

The person that holds the IRA, brockerage firm said the ira is not taxable in state tax, did I do something wrong on federal That made this mistake on state which it does not show this on my choses?

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1 Best answer
Level 15
May 31, 2019 11:53:55 PM

Distributions from an inherited IRA can be invested in other accounts. Consider all your options when taking RMDs and other distributions from an inherited IRA. Generally, your distribution is included in your gross income and will be subject to ordinary state and federal income taxes.

I do not know what state you are in.  Post a comment with the State and I'll look at this some more.  

1 Replies
Level 15
May 31, 2019 11:53:55 PM

Distributions from an inherited IRA can be invested in other accounts. Consider all your options when taking RMDs and other distributions from an inherited IRA. Generally, your distribution is included in your gross income and will be subject to ordinary state and federal income taxes.

I do not know what state you are in.  Post a comment with the State and I'll look at this some more.