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Total Pension distribution Code 4
Can this distribution be transferred to an heir without paying the 40% estate tax?
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Since the beneficiary would be inheriting the money, I assume no tax would be paid. Is that correct?
If the estate pays the tax for 2019 and the estate eventually gets closed and distributed in 2020, there wouldn't be any additional tax owed by the beneficiary ------------------- assuming there aren't any additional tax generating issues out there.
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