Estate is beneficiary of a IRA. Three family members beneficiary of Estate. How do we take care of the taxes on the distribution?
My sister's IRA is not a Roth. Her Estate is beneficiary of the IRA. 3 family members are beneficiaries of the Estate. The Estate is getting monthly distributions for the next 5 yrs and the beneficiaries of the Estate split the monthly distributions. How do we report the income for tax purposes? Thank you for any information.
LaurieS