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Received an inherited IRA in 2017 from deceased sister.
Received an inherited IRA in 2017 from deceased sister. $8400 plus $1300 interest. Didn't realize or know anything about IRAs until I started preparing my tax. My sister was 68 years 20 months when sh… read more
Robin D.
Robin D.
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Lane, I asked you a question about the taxable amount on a
Lane,I asked you a question about the taxable amount on a 1099-R. I just wanted to send you a screenshot to make sure I got it right. I am only picking up 1,192.50 even though the taxable amount is sh… read more
Lane
Lane
JD, MBA, CFP, CRPS
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I have a beneficiary Roth IRA from my mother. I made a
I have a beneficiary Roth IRA from my mother. I made a withdraw. during 2017. My 1099-R shows a distribution code T. Why am I being taxed on the amount? … read more
Tax.appeal.168
Tax.appeal.168
Principal
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I have an inherited ira account and ira roth, both from my
hi, i have an inherited ira account and ira roth , both from my father but now in my name and about ready to make a RMD in december of this year. Would the RMD be from the total of both accounts or ju… read more
Robin D.
Robin D.
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I am in the process of setting up a trust for my grandchild.
I am in the process of setting up a trust for my grandchild. I currently have a Roth IRA. My wife is the first beneficiary, while this trust will be the contingent beneficiary. If I die first she will… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
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How much of the Roth IRA distribution is taxable income? Decedent
How much of the Roth IRA distribution is taxable income? Decedent started Roth IRA in December of 2010 which was presumably a Roth conversion with $100000 cash and $167,000 in securities. After the Ro… read more
Barbara
Barbara
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As Beneficiary of my of my sisterss IRA I received a Total
As Beneficiary of my of my sisters's IRA I received a Total distribution. Is the full amount taxable? What is th.e best way for me to handle this. She was 75 years old, I am 80 years old and file MFJ … read more
Tax.appeal.168
Tax.appeal.168
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I recently inherited a roth IRA and a sep IRA. The company
I recently inherited a roth IRA and a sep IRA. The company that holds these IRA's is asking me to set up a inherited roth and inherited sep IRA but having that many IRA accounts doesn't make sense to … read more
DanielleCPA
DanielleCPA
Certified Public Accountant
Bachelor's Degree
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I am 58 with an inherited IRA Roth from my Dad. I need to
Hi. I am 58 with an inherited IRA Roth from my Dad. I need to withdraw $30K to buy a house. Can I retitle the Roth for this purpose. Otherwise, what would my 2012 taxes be for withdrawing $145K from a… read more
WebCPA
WebCPA
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My daughter has dual Dutch and USA citizenship. She lives
My daughter has dual Dutch and USA citizenship. She lives and works in the Netherlands. As a beneficiary of my Roth and tax-deferred IRAs, is it more beneficial for her, in regard to Dutch taxation, t… read more
socrateaser
socrateaser
1,455 satisfied customers
My mom is 84 and has a traditional IRA. Mom has sufficient
My mom is 84 and has a traditional IRA. Mom has sufficient income and doesn't need the mandatory disbursements. Does it make sense to convert the IRA to a Roth? If we split the tax payment and she die… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
my mother passed away on jan 4th she had an ira not a roth.
my mother passed away on jan 4th she had an ira not a roth. the ira was beneficaried by my mom prior to her death. is this taxable income or is it considered inheritance and not taxable… read more
Anne
Anne
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Hello,We are attempting to have answers to a couple of questions.
Hello, We are attempting to have answers to a couple of questions. I do have an accounting background but not updated the past 20 years or so. I have about $600,000+ in a traditional IRA, and I am 69 … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
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I inherited a Roth IRA from my aunt in 2009 along with my brother
I inherited a Roth IRA from my aunt in 2009 along with my brother and sister. The account was held at Morgan Stanley. We opened inherited Roth IRAs at Morgan Stanley and each had our third of my aunt'… read more
Bill
Bill
Master's Degree
3,132 satisfied customers
I inherited a roth IRA when my mother passed away. I have been
I inherited a roth IRA when my mother passed away. I have been taking the minimum requited distribution for the past 2 years. With the current market conditions the IRA is valued at less than it was w… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
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I INHERITED A ROTH IRA ON JUNE 1ST 2006, DO I HAVE ANY ...
I INHERITED A ROTH IRA ON JUNE 1ST 2006, DO I HAVE ANY INCOME TAX ISSUES WITH THIS ? &nbs p; THANKS, &nbs p; JOHN O. DENNIS… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,325 satisfied customers
I inherited a Roth IRA that had a basis to the decedent of ...
I inherited a Roth IRA that had a basis to the decedent of $60,000. The amount that I inherited was only $22,000. Can I take the loss on the difference?… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
The beneficiary of an IRA Roth is the trust fund for the surviving chi ...
The beneficiary of an IRA Roth is the living trust fund for the survivng children. Will the children be taxed highly on the Ira Roth transfer into the trust? Perhaps it would be better to change the n… read more
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Christopher Phelps
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