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Is the Beneficiary of an IRA Taxed on Distribution

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Does the beneficiary of an IRA have to pay taxes on money received from an IRA when the owner dies? Is this income taxed at the "ordinary income" rate?

Yes, distributions from an IRA to a beneficiary are taxable as ordinary income in the year of receipt.

First published on 3/21/05

First published on 03/21/2005

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Filed under compliance as: 

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