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July 17, 2012

Estate Beneficiary of IRA: IRS Allows Transfers to Inherited IRAs for Beneficiaries of Estate

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In private letter ruling (PLR) 201208039, the estate of the deceased IRA owner was the named beneficiary of the IRA. However, the IRS ruled that the beneficiaries of the estate were allowed to transfer the Inherited IRA balance to their ‘Inherited IRAs’.Click here to read about it


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