topic 1099-R Distribution AFTER Death of Mother in Retirement tax questions

1099-R Distribution AFTER Death of Mother

divance — Sat, 20 Mar 2021 20:55:41 GMT

Isn't there a way to show that the money was passed into my name, without taxation; ie. K-1?

Re: My mother passed away in November. She received a 1099-R for distribution of her IRA, which ended up in my name. She owes tax, now; can't this tax be avoided?

macuser_22 — Sat, 20 Mar 2021 20:26:49 GMT

In your name? What code is on box 4 on the 1099-R? Is your name and SSN on the 1099-R?

Re: My mother passed away in November. She received a 1099-R for distribution of her IRA, which ended up in my name. She owes tax, now; can't this tax be avoided?

divance — Sat, 20 Mar 2021 20:27:48 GMT

Hi, thanks. The code is 7. So, I think there's a misunderstanding...on my part...that the 1099-R must be for her RMD, and NOT for the liquidation of her IRA account.

Re: My mother passed away in November. She received a 1099-R for distribution of her IRA, which ended up in my name. She owes tax, now; can't this tax be avoided?

macuser_22 — Sat, 20 Mar 2021 20:38:05 GMT

The if the money was distributed prior to her death, it must be reported on her final 2020 tax return.