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amygivoni
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My mother passed away and i THE BENEFICIARY OF HER ESTATE WITH INCLUDES ALSO TRA-IRA MONEY I'm 51 years old. Does the IRA account of $100K taxable?

 
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2 Replies

My mother passed away and i THE BENEFICIARY OF HER ESTATE WITH INCLUDES ALSO TRA-IRA MONEY I'm 51 years old. Does the IRA account of $100K taxable?

This depends on whom your Mom specified as the beneficiary of the IRA. In any case, either the estate or the person will pay income tax if the IRA is cashed out.
rjs
Level 15
Level 15

My mother passed away and i THE BENEFICIARY OF HER ESTATE WITH INCLUDES ALSO TRA-IRA MONEY I'm 51 years old. Does the IRA account of $100K taxable?

See the answers to the question posted by another sibling at the link below. Please post any follow-up questions in the other thread, to keep all of the discussion in one place.

https://ttlc.intuit.com/questions/4133447-my-mother-passed-away-we-4-kids-ages-50-57-are-beneficiari...

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