https://ttlc.intuit.com/community/taxes/discussion/who-pays-taxes-my-moms-estate-inherited-an-ira-i-inherited-said-ira-thru-moms-estate-does-her-estate/01/2796208#M1013134 My aunt had the IRA and passed away 2/3/22. My mom was primary beneficiary and I was secondary. My mom passed away 11 days after my aunt nullifying my role as secondary beneficiary but was hospitalized and never had a chance to do anything with the IRA. So my moms estate liquidated the IRA and, as her sole heir, I will receive the funds from the liquidated IRA. The bank tells me the estate will pay the taxes and my probate attorney says I will. Who is right? Tue, 10 Mar 2026 06:42:08 GMT jlogru 2026-03-10T06:42:08Z https://ttlc.intuit.com/community/taxes/discussion/who-pays-taxes-my-moms-estate-inherited-an-ira-i-inherited-said-ira-thru-moms-estate-does-her-estate/01/2796208#M1013134 My aunt had the IRA and passed away 2/3/22. My mom was primary beneficiary and I was secondary. My mom passed away 11 days after my aunt nullifying my role as secondary beneficiary but was hospitalized and never had a chance to do anything with the IRA. So my moms estate liquidated the IRA and, as her sole heir, I will receive the funds from the liquidated IRA. The bank tells me the estate will pay the taxes and my probate attorney says I will. Who is right? Tue, 10 Mar 2026 06:42:08 GMT https://ttlc.intuit.com/community/taxes/discussion/who-pays-taxes-my-moms-estate-inherited-an-ira-i-inherited-said-ira-thru-moms-estate-does-her-estate/01/2796208#M1013134 jlogru 2026-03-10T06:42:08Z https://ttlc.intuit.com/community/taxes/discussion/re-who-pays-taxes-my-moms-estate-inherited-an-ira-i-inherited-said-ira-thru-moms-estate-does-her/01/2796227#M1013141 <P>Never trust tax advice from a bank.&nbsp; What the bank rep told you is incomplete and likely incorrect.&nbsp; If the amount of estate income is more than $600, yes, the income from the IRA distribution must be reported on the estate income tax return (Form 1041).&nbsp; However, because the income tax rates are generally higher than individual income tax rates, then income is typically distributed and passed through to the heirs on Schedules K-1 as Distributable Net Income with the estate taking a deduction for the Distributable Net Income (removing it from the estate's taxable income) and passing the tax liability through to the heirs.&nbsp; This is what the estate attorney is alluding to.&nbsp; It's likely that having the estate pay the taxes would only make sense if you were in a very high tax bracket yourself.&nbsp; You'll likely want to review this with a CPA who would likely prepare at least the estate's income tax return.</P> Sat, 26 Nov 2022 22:45:18 GMT https://ttlc.intuit.com/community/taxes/discussion/re-who-pays-taxes-my-moms-estate-inherited-an-ira-i-inherited-said-ira-thru-moms-estate-does-her/01/2796227#M1013141 dmertz 2022-11-26T22:45:18Z