Accountant-Man
Level 13
yesterday
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Were these beneficiaries directly named as beneficiaries, or was the Trust named?
Or are you trying to get 1/8 of the $1,000 distributed and only 1/7 of the IRA money?
Do 7 of them get $14,285.71 + $125.00 = $14,410.71 and one of them only gets $125.00?
Does it matter who gets which cash as long as they only get their correct shares?
But of course, it matters who gets Ordinary interest income and Other income(IRA) as opposed to Qualified dividends.
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