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Is there a way to avg or otherwise minimize tax on spousal inherited IRA?

spacey-kc
Level 1
 
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2 Comments 2
qbteachmt
Level 15

Sort of. It depends on the Year the account was inherited, the age of the beneficiary, if there is basis in the account, and a few other factors. Start with the IRS info:

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-beneficiary

 

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sjrcpa
Level 15

If they already cashed it in, No.


Ex-AllStar