In connection with a traditional IRA that is transferred at death,comment on the tax implications of each of the following.
a.The beneficiary does nothing, and a distribution occurs.
b.The beneficiary retitles the IRA as a "retirement IRA."
c.The additional tax advantages enjoyed when the beneficiary is the surviving spouse.
d.The consequences of the IRA constituting income in respect of a decedent (IRD).

Question

Quizplus · Accepted Answer

The Answer of In connection with a traditional IRA that is transferred at death,comment on the tax implications of each of the following.
a.The beneficiary does nothing, and a distribution occurs.
b.The beneficiary retitles the IRA as a "retirement IRA."
c.The additional tax advantages enjoyed when the beneficiary is the surviving spouse.
d.The consequences of the IRA constituting income in respect of a decedent (IRD).

In Connection with a Traditional IRA That Is Transferred at Death,comment