- Any amount in the IRA that would be required to be distributed under the beneficiary option is not distributed within the applicable deadline or
- The spouse makes contributions to the IRA
The result of the treat-as-own option is that the IRA is treated as if it was established and funded by the spouse, instead of being inherited.
- If the inherited IRA is a SIMPLE IRA, it cannot be moved from under a SIMPLE until it had been at least two-years since the first contribution was deposited to the deceased participant’s SIMPLE IRA.
- If the IRA is a Roth IRA, the IRA-agreement should be consulted to determine the options available to the spouse beneficiary. Some documents require the spouse beneficiary to treat the inherited Roth IRA as his/her own, i.e., the spouse does not have the option to treat the Roth IRA as an Inherited-Roth IRA