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Author: pmarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121592  
Subject: Re: Inherited dividends into Roth IRA Date: 1/19/2000 7:47 AM
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<< Sorry about the confusion. The stocks were left in a living will and are to be turned over after a particular date. That date has past and the executor has yet to put my name as the dividend recipient. But it will happen within the next 2Qs; until then he hands me cash. I know he carries the liability now - I was wondering what happens later. >>

OK, let's try to sum up. It should be clear by now that there's no interaction between this stock and any IRA. So forget about the IRA stuff--it has nothing to do with your real question.

Once the stock is in your name, you will receive the dividends and pay the tax on them. You may also pay the tax on the dividends paid before ownership is in your name if they're passed through to you. Check with the executor.

Phil Marti
Tax Preparer
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