My husband passed away on August 1, 2021. If I am keeping the same company for my husband's IRA do I need to have taxes taken out? If I transfer/roll over it to another company should I have taxes taken out? Thank you.
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1 Replies
RobertB4444
Expert Alumni
Jan 26, 2022 11:09:45 AM
You only need to have taxes taken out of any amount that you withdraw for personal use. If you roll it over to another IRA it isn't the same as withdrawing it.