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#2253214 - 04/29/21 04:49 PM Inherited IRA
New to CRA Offline
Junior Member
Joined: Jun 2006
Posts: 40
an IRA customer passed away 8/2020. He had his TRUST as named beneficiary of his IRA. His spouse is the successor trustee. She would like us to distribute directly from inherited IRA to each specific TRUST beneficiary and to withhold taxes under each TRUST beneficiary's SS #.

Does anybody know if this is even possible? My understanding is that since the TRUST is the beneficiary of the IRA, the trust is the only entity that we can withhold on. Any ideas or suggestions would be appreciated.

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#2253217 - 04/29/21 05:05 PM Re: Inherited IRA New to CRA
rlcarey Offline
10K Club
Joined: Jul 2001
Posts: 77,659
Galveston, TX
The money goes to the trust - what the trustee does with it is up to them. You are not their bookkeeper.
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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