The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/m-not-sure-what-the-question-is-the-values-of-30608498.aspx

Subject:  Re: Inherited IRA Q Date:  3/26/2013  11:30 PM
Author:  0x6a74 Number:  118174 of 121351

m not sure what the question is. The values of IRAs are included in the gross estate calculation and, depending on the total value of the estate, may increase the amount of estate tax due from the estate. IRA distributions result in ordinary income to the recipient. If that recipient is the estate the estate may pay the income tax or may pass the taxable income through to the beneficiaries of the estate.



thanks
(
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us