What is a beneficiary IRA
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New Member

What is a beneficiary IRA

 
4 Replies
Expert Alumni

What is a beneficiary IRA

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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Level 1

What is a beneficiary IRA

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?

Employee Tax Expert

What is a beneficiary IRA

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

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Level 1

What is a beneficiary IRA

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

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