The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Inherited TIRA Tracking Date:  9/19/2012  8:00 AM
Author:  inparadise Number:  116626 of 127624

Actually, it's more than that. The regulations require specific identification of inherited IRAs, including the names of both the beneficiary and the decedent.

Yeah, I did think it strange that the account is actually in Dad's name. We were given the same explanation you gave. I would suppose this is done so that the IRS can track the funds transition from one owner to another.

hoping the RMD is very small
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us