IRA taxation after inheritance.
Hi,
When I die, and I will my IRA (a few hundred thousand dollars in a stock fund) to my heirs, will the taxes which I saved through using it then become owed to the IRS by the people I will it to? Thanks.
Tom
Asked on 2/26/09, 9:52 pm
1 Answer from Attorneys
Re: IRA taxation after inheritance.
Yes, the beneficiaries who inherit the IRA will have to pay tax on the distributions when they are made.
Each beneficiary will be taxed at their own personal rate.
Answered on 2/28/09, 1:53 pm
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