The original owner was over 59 1/2, which means there is no early withdrawl penalty. If it is a small IRA, couldn't you just take a distribution for the entire amount. Obviously, if there is a significant balance this isn't a good choice.sounds right.no Penalty, but there is the income tax.this is what my sister did with her part of Mom's IRA -- distrib whole thing and pay tax.i tried to avoid that tax .. ended up spreading the distrib and tax over 5 years.=
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