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My wife is the beneficiary of her mom's IRA.

She was told there was 2 options:

1) put it in an inherited IRA and take distributions from there.

2) withdraw and pay taxes. If withdrawen, are the taxes taxes at our rate?

What if the IRA is in trust? She had a trust, but I don't know if the IRA was in (or even if it can be in trust).


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