The recipient of an inherited IRA may or may not pay taxes depending on their situation. In general, if you inherit a Roth IRA, you're free of taxes. However, if you inherit a traditional IRA, any amount withdrawn is often subject to taxes. On the other hand, estates subject to the ...
An heir will typically have to move assets from the original owner’s account to a newly opened IRA in the heir’s name. For this reason, an inherited IRA may also be called a beneficiary IRA. Anyone can inherit an IRA, but the rules on how you must treat it differ depending on whet...