What is a beneficiary IRA

Snowtaxed1 · ‎January 17, 2020

GiseleD · ‎January 17, 2020

Are you referring to an inherited IRA? If so, you can find some more information about inherited IRAs in IRS Publication 590-B Distributions from Individual Retirement Arrangements (IRA), page 5. Note, this is the 2018 version of the publication. The IRS has not yet released the 2019 version.

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Marie1846 · ‎March 10, 2020

My son was a beneficiary of part of my deceased husbands IRA. He took his full distribution in 2019. Should he have received a form from the payer (Merrill Lynch) for tax filling purposes?

ThomasM125 · ‎March 10, 2020

Yes, he should have received form 1099-R reporting his distribution received in 2019.

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Marie1846 · ‎March 10, 2020

Thank you. Now we know what to ask for since we did not receive anything.

What is a beneficiary IRA