Forums / Business and Entrepreneur Talk / Taxes / Can a bene transfer a nonspousal ira from 1 custodian to another without causing a taxable event?
| Author | Message |
SpringBloom
561 posts |
#300522 2008-05-19 16:45 GMT |
|
Can the beneficiary of a nonspousal inherited ira transfer from acurrent custodian to a successor custodian without causing a taxable event?
|
|
DeadlyAmphibian
605 posts |
#300523 2008-05-19 16:58 GMT |
|
It can be rolled over, if that's what you are asking.
|
|
BigBoy
596 posts |
#300524 2008-05-19 21:16 GMT |
|
Be careful or you may cause a taxable event. There is a great deal of confusion regarding nonspousal inherited IRAs, as the rules recently changed.
You cannot treat the IRA as your own. You cannot make contributions to the IRA. You cannot roll over any amounts into or out of the IRA. However, you can make a trustee-to-trustee transfer as long as the IRA into which the funds are transferred is set up and maintained in the name of the deceased IRA owner with you as beneficiary. Get yourself a good tax advisor and consult them before entering into a transaction. |
|
> 1 <
singles make flow benefit comfortable village agricultural type savings service insuranc demand sort bottom investments lines allowing paper experts style kitchen executive reporting consent no golf healthy rental friends borrow adjustable corporate homeowners words supply turn susan marquette tip paperwork court aware oppor template law generic for firms volunteers readers table
Categories: Foot Relief Health Insurance Employment Discrimination Traditional vs. Roth IRA Valuable Skills and Traits Free Grant College Scholarships Credit Reports Employment Background Refinancing Your Mortgage Refinancing Your Home Personal Finance Guru Penny Stocks Money Saving Tips Investment Club Save Money with Energy Bills Save Money at the Gas Pump Student Grants Financing Your Education Generate Cash In An Emergency Contract Security Student Loans Make 700 Dollars in 7 Days Credit Rating Debt Persuing Wealth Financial IQ Offshore Banking Insvestments Debt Consolidation Accountancy Save Money Effortlessly Better Money Handling Mortgages Online Trading Options Trading Payday Loan Personal Loans Retirement Planning Real Estate Refinancing Renting A House Or Apartment Retirement Savings Stock Trading Time Share Investments Trading Trading Company Commodities Trading Credit Cards Currency Trading Day Trading Extra Income Forex Trading Futures Trading Gold Home Equity Investing Charity Budgeting Life Insurance Loans & Mortgages Credit Repair Financial Training Debt Consolidation 529 College Savings Plan Travel Health Insurance Student Health Insurance Insurance For Self Employed Medical Health Insurance Low Cost Health Insurance Individual Health Insurance Health Insurance Quotes Health Insurance Plans Health Insurance Companies Group Health Insurance Family Health Insurance Business Health Insurance Affortable Health Insurance Insurance Mortgage Fundraising Bankruptcy Foreclosure Credit Score Credit Repair Brokerage Banking Charity Grant Money Refinance Family Budget Accountancy Debt Relief