Basis from inherited IRA
Does the basis from a non-spousal IRA carry to the beneficiary children? Each child (over 25) will establish a separate inherited IRA and withdraw over 10 years. Decedent passed in 2022 before RMD age.
Thanks for any help.
Does the basis from a non-spousal IRA carry to the beneficiary children? Each child (over 25) will establish a separate inherited IRA and withdraw over 10 years. Decedent passed in 2022 before RMD age.
Thanks for any help.
Permalink Submitted by David Mertz on Fri, 2022-04-08 18:03
Yes, the basis gets divided proportionately among the beneficiaries. The beneficiaries will need to obtain the basis information from the executor of the decedent’s estate.