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Level 2
June 2, 2022
Question

IRA with no designated beneficiary

  • June 2, 2022
  • 1 reply
  • 3 views

Taxpayer dies owning an IRA with no designated beneficiary.  Assets are distributed to the decedent's estate.  Who pays the tax--the estate or the heirs?

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1 reply

IRonMaN
Level 15
June 2, 2022

Kinda of depends on when the distributions are made to the beneficiaries.

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