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Author: 0x6a74 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 124938  
Subject: Re: Tax issues re: inherited Ira Date: 4/9/2010 11:10 PM
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And you only need to do it once. Once you've got the right table, you just keep using that table. If you even need to look at the table again. For an inherited IRA, you often just subtract 1 from last year's divisor.

Not exactly what I'd call a PITA, unless your perception of a complicated tax return is dealing with TWO W-2s in one year.

just sayin' ;-)


now i think on it...

TMI: in the space of about 3 months (6 yrs ago), i got laid off, Mom died (not unexpectedly) and i ended up in hospital myownself for a week. So i was trying to decide between find-work and 're-tire' .. feeling guilty my sis had been left with dealing with mortuary and realty .. recovering from surgery -AND when Mom's broker said, "don't forget to deal with RMD's on your Mom's IRA..." it just FELT like too much

...... no permjutations

...wonder what TurboTax does with inherited IRA <g>
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