Permalink Submitted by Alan Spross on Thu, 2011-04-14 21:58
Yes. This does not require a formal QDRO. The IRA can be partitioned between the two spouses as a non reportable tax free transfer per Sec 408(d)(6) as part of a divorce or separate maintence decree. The settlement should also address how any basis is split so each spouse can update the 8606.
Permalink Submitted by Alan Spross on Thu, 2011-04-14 21:58
Yes. This does not require a formal QDRO. The IRA can be partitioned between the two spouses as a non reportable tax free transfer per Sec 408(d)(6) as part of a divorce or separate maintence decree. The settlement should also address how any basis is split so each spouse can update the 8606.