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My deceased sister left a $38,000 IRA without a beneficiary.
My deceased sister left a $38,000 IRA without a beneficiary. The financial institution said they will distribute the RMDs to her Trust. I am her sole beneficiary and the beneficiary of the trust. Woul… read more
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I have a complicated question about missed RMDs. My mother had 2 IRAs when she died in 2014. I did not know they were IRAs or that I needed to take RMDs until 2016. I took 3 withdrawals in 2016 into a… read more
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My parents have IRA accounts with Merrill Lynch. My mom
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I have already tax paid (post tax) contributions to
I have already tax paid (post tax) contributions to traditional IRAs. When taking a distribution, I'm supposed to add together all my IRAs for the total value on Dec 31 of the previous year. Q: Do I a… read more
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i have a client that took a required minimum distribution for
i have a client that took a required minimum distribution for the past 3 years from her IRA account. She transferred her IRA account to another brokerage. Neither the new or old brokerage filed a 1099… read more
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How & where do I explain an adjustment to a 1099R on my tax
How & where do I explain an adjustment to a 1099R on my tax return? My 86 year old Mom died in Nov 2013. She typically requested her minimum IRA distribution each December. But because there was no be… read more
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The beneficiary of my mother's ira was mistakenly left to her
The beneficiary of my mother's ira was mistakenly left to her trust. The beneficiaries of that trust are myself and a trust I must set up for the benefit of my brother. I am the trustee of all trusts.… read more
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Background: My wife is one of four equal beneficiaries of
Background: My wife is one of four equal beneficiaries of the Estate of her late aunt, who died in 2010. Her aunt left an IRA without designated beneficiaries. The Estate became the "interim" benefici… read more
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my mothers birthday is XXXXX She has never taken a
my mother's birthday is XXXXX She has never taken a distribution from her IRA. I think she is late on taking a required distribution. If so, when is the first year she would have had a required distri… read more
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My mother should have made a required minimum distribution
My mother should have made a required minimum distribution form her IRA by March 31, 2012. She was born in January of 1941. Her RMD should have been $350. She neglected to do it. It is too late to tak… read more
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The father of a friend of mine died in 2009 and he had his
The father of a friend of mine died in 2009 and he had his living trust as his IRA beneficary. My friend had the trust moved to a beneficary IRA trust. She (my friend) is taking RMD each year. My frie… read more
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After not receiving any information from my investment company,
After not receiving any information from my investment company, I contacted them regarding my RMD for 2011. I made the call on 29 Dec 11, and made arrangements for the RMD but it was not processed unt… read more
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The revocable trust is the designated beneficiary of the IRA.
The revocable trust is the designated beneficiary of the IRA. Under IRS 590 the three qualified beneficiaries are named in the Trust document w/the custodian bank. The yearly RMDs and death distributi… read more
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My father died Oct 07 at the age of 74 and has a 401K that
My father died Oct 07 at the age of 74 and has a 401K that he was receiving the required minimum distributions (RMD) from. My mother is the beneficiary (age 74, born before Jan. 1936 and has not recei… read more
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An Estate is the beneficiary of an IRS (Traditional).
An Estate is the beneficiary of an IRS (Traditional). The will provides for a Qtip Trust. Since the bulk of the estates assets are going into the trust can the Executor direct the IRA provider to rena… read more
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