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I have a couple question regarding inheritance taxes and how
Yes, I have a couple question regarding inheritance taxes and how to claim the payments for estate dues. … read more
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My wife passed away and she had an IRA where I am the beneficiary. I want to take it as an inherited IRA and use a 10 year option to pay the tax as opposed to paying yearly RMD … read more
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My uncle who was 86 years old passed away at the end of
My uncle who was 86 years old passed away at the end of January and his IRA is being distributed to 4 beneficiaries of which I will receive 10%. What is my best option for receiving the funds to minim… read more
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I have a question about potential capital gains and state tax as it relates to an inherited brokerage account. … read more
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I have an IRA in the name of my mother's estate, I am the
I have an IRA in the name of my mother's estate, I am the PR. When we do the RMD, does that jut flow through to the beneficiaries on a K-1 or does the estate pay the taxes … read more
Alexander Efros
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My father died in Feb 2016. He was 84 years old. of his
My father died in Feb 2016. He was 84 years old. I am Executor of his Estate (his #1 son). He had a Traditional IRA; approximately $240K. He did not designate any of his 3 children as beneficiaries. H… read more
Lev
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My father and mother each had a Traditional IRA with a basis.
My father and mother each had a Traditional IRA with a basis. When my father died 7 years ago, his IRA was rolled over to my my mother. I filed her 8606, but I failed to consider his basis. I continue… read more
Lev
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When the trust turns to an estate, when person dies, and went
When the trust turns to an estate, when person dies, and went into probate. the basic part of trust was signed filed with Alaska state court system. In the basic signed trust document he states his di… read more
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Taxpayer with a regular IRA passes away (either before or after
Taxpayer with a regular IRA passes away (either before or after RBD). At the time of death the designated IRA beneficiary was "the Estate of (deceased.)" Under whatever payout scheme is applicable due… read more
Lev
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My father passed away in March of 2010. He had an IRA that
My father passed away in March of 2010. He had an IRA that was cashed in and the amount was divided by his 6 surviving children. We received a document in the mail from the bank with a Tax ID Number a… read more
Lev
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my mother passed away on 12/14/2010 their are 4 benificeries.
my mother passed away on 12/14/2010 their are 4 benificeries. BTW my mother lived in the State of California. I live in the state of fLORIDA. w HAVE $400,000 IN CASH TO SPLIT UP. aND A hOUSE TO SELL. … read more
Lev
Lev
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My mother has an estate of less than $ 350, 000. She and I
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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
jgordosea
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I live in Virginia. My father lived in Florida. When he ...
I live in Virginia. My father lived in Florida. When he pasted away his will was probated by a Flordia lawyer. He left me almost $40,000. My question is do I have to pay taxes on this federal or state… read more
Guru_Guy
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Can a deceaseds IRA be used by heirs to pay inheritance tax
If I am one of two beneficiaries of an estate that includes an IRA. Can the funds of the deceased's IRA be used to pay my inheritance tax?… read more
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My father and stepmother died in a house fire. They both ...
My father and stepmother died in a house fire. They both had money in IRA accounts. Their wills state that my brother and I get everything. What kind of tax laws exist regarding IRA's and inheritence?… read more
Lev
Lev
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My father died recently and left a good amount of ...
My father died recently and left a good amount of monies in various accounts in the form of savings and CD's... my question is two parted, the money that was left in the savings account a beneficary w… read more
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Lev
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Can my sisters and I receive whatever amount of this IRA remains or do
My father has an IRA worth $400,000. If he dies it will go to my mom who is in a nursing home. When she dies it will go to my two sisters and I. What are the options in terms of distribution and taxat… read more
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