Gifting an IRA
Is there any way to gift a small IRA without withdrawing the funds and paying the taxes? If so, can the giftee withdraw funds prior to age 59 1/2 and pay taxes on the withdrawn amount as ordinary income?
Thanks for your help.
Dan
Is there any way to gift a small IRA without withdrawing the funds and paying the taxes? If so, can the giftee withdraw funds prior to age 59 1/2 and pay taxes on the withdrawn amount as ordinary income?
Thanks for your help.
Dan
Submitted by Dan White on Tue, 2007-09-25 18:16