Federal Tax Research 10th Edition by Steven Gill, Gerald Whittenburg, Roby Sawyers, Debra Sanders, William Raabe

Exercise 47

Cecilia died this year, owning mutual funds in her IRA worth $120,000. Under the terms of the IRA, Cecilia's surviving husband, Frank, was the beneficiary of the account, and he took a lump-sum distribution from the fund. Both Cecilia and Frank were age 57 at the beginning of the year.
a. How does Frank account for the inheritance assuming that he rolls it over into his own IRA in a timely manner
b. Would your answer change if Frank were Cecilia's brother