Discussion:Inherited IRA by Non-Spouse and Basis
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Discussion Forum Index --> Tax Questions --> Inherited IRA by Non-Spouse and Basis
| 20 June 2007 | |
| If a non-spouse is the designated beneficiary and inherits a traditional IRA, does the IRA beneficiary get stepped up basis for appreciation of the pre-tax assets prior to death of the decedent or is it taxed same as it would have been to the decedent? Thank you. | |
Death&Taxes (talk|edits) said: | 20 June 2007 |
| Your second supposition is correct. This is IRD, Income in respect to the Decedent. However, check the rollover possibilities created by the PPA of 2006. | |
| 20 June 2007 | |
| Income in Respect of a Decedent - IRD | |
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