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Can a beneficiary who inherited an IRA from an aunt who was 45 years older than her do a 10 year averaging. The owner of the IRA died in 2020 and the beneficiary distributed the entire IRA in 2024.
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No, the beneficiary would not be entitled to use the Ten Year Tax Option.
Special 10-year averaging is potentially available for lump-sum distributions only from employer plans, not from an IRA.
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