IRA rollover for deceased spouse
IRA owner took a distribution with the intention of rolling over but died within the 60 days without rolling over. Can his spouse beneficiary rollover the amount to her own IRA?
IRA owner took a distribution with the intention of rolling over but died within the 60 days without rolling over. Can his spouse beneficiary rollover the amount to her own IRA?
Permalink Submitted by Alan - IRA critic on Fri, 2024-09-06 13:12
The IRS has allowed this with prior letter rulings, but the rollover must be completed within 60 days. More important, the IRA custodian will obviously have to accept the rollover. There could also be problems if the estate beneficiary is not the spouse.