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Author: mawhinney Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120819  
Subject: Inherited IRA Date: 9/15/2003 2:58 PM
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What are the tax consequences of inheriting a traditional IRA account? When is the beneficiary required to start making withdrawals if the deceased has not started to make withdrawals? If the deceased has begun taking withdrawals, when is the beneficiary required to start making withdrawals?

What happens if it is a Roth IRA?
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Author: irasmilo Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 66890 of 120819
Subject: Re: Inherited IRA Date: 9/16/2003 2:31 AM
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What are the tax consequences of inheriting a traditional IRA account? When is the beneficiary required to start making withdrawals if the deceased has not started to make withdrawals? If the deceased has begun taking withdrawals, when is the beneficiary required to start making withdrawals?

What happens if it is a Roth IRA?


There are lots of rules depending on what type of IRA it is, the nature of the heir's relationship to the decedent, and whether the decedent had begun taking distributions. Everything you could possibly want to know can be found in IRS Pub. 590, Individual Retirement Arrangements (IRAs) which can be found at www.irs.gov/pub/irs-pdf/p590.pdf. If you still have questions after reading it, come back and provide the specifics about your situation.

Ira

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