3318339
I inherited a traditional IRA and a Roth IRA from my deceased sister, who was within 10 years of my age. I am an eligible designated beneficiary. She was 57 and not taking RMDs yet. Her 2 accounts were moved to 2 BDA IRA accounts in my name. She passed in Aug. 2023. No distributions have been made yet.Does this have to go anywhere on my 2023 tax return? Does the Fair Market Value have to be added anywhere on the form, or the value as of 12/31/23 financial statement, or is this only brought up and addressed when distributions are taken?
You'll need to sign in or create an account to connect with an expert.
Nothing about these accounts goes on your 2023 tax return.
Thanks much!
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.
werty
Level 1
rk38
Level 2
zcindy9075
Level 2
dlalwls169
New Member
neutron450
Level 2