Thursday, March 13, 2014 - 9:46 AM
Congress has introduced a new wrinkle regarding inherited IRAs that could potentially affect their taxation. A new bill has been proposed that would require inherited IRAs to be distributed completely within five years of the original owner’s death, eliminating the ability to stretch distributions. As of this writing, the new bill has not yet passed, meaning that stretch provisions are still in place.
942 posts since
Jan 16, 2010
Rep Points: 2,740
1. Thursday, March 13, 2014 - 5:15 PM
I wonder if they would make it retroactive?
554 posts since
Aug 3, 2010
Rep Points: 3,434