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We might need to verify how you determine your tax liability and what exactly you receive as inheritance?
That will help to work out any possible deductions to reduce the tax liability.
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When you will take distribution from inherited IRA account - distribution will be taxable.
The only way to reduce taxable income is to spread distribution over several years and not take a full distribution in any one single year.Generally depending on circumstances you have an option to take a distribution within the lifetime Or you may spread distribution over five years.
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