Inherited Annuity Payout and US Income Tax? - annuity payouts
One parent has died and her income was distributed as a lump sum for the survivors. Tax time is coming. How do I know what taxes you need in this way? I know it is the sum as income tax is? As you know, I can say nothing about it, simple!
Tuesday, January 5, 2010
Annuity Payouts Inherited Annuity Payout And US Income Tax?
3 comments:
If the income tax (ie, deferred taxes on the income of the family did not pay him while they still) alive, then yes, expect to pay taxes. (The other post-money is for a property tax. This is the.) Pre-tax dollars
The recipients will receive a 1099-R that shows the tax base. She put it back.
(In the case of the IRA, which is often the responsibility. If anything can stand in part.)
The pension is not inherited to the date of taxation. However, the interest income is taxed as ordinary income.
WOW money from dead sick sob
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