Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#1
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Will someone please recommend a reasonable Tax Accountant or CPA for a consultation on withdrawing money from an Inherited IRA? Thank you.
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#2
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Try page 18 of http://www.irs.gov/pub/irs-pdf/p590.pdf
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#3
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Here is a site with a good explanation.
https://www.fidelity.com/viewpoints/non-spouse-IRA My wife inherited her Father's IRA. We used the IRS table for her life expectancy and started the withdrawals (RMD) the year after her Father died. One important note was that he hadn't taken his RMD at the time of his death for that year. So we took it on his behalf and filed his final tax return. So you don't start distributions until the year after the person's death.
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The Bronx/Stamford CT/New City NY/Coral Springs FL/Hampton Bays L.I./Pinellas Island. |
#4
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Thank you both for the links. They are very helpful. I appreciate your response
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Closed Thread |
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