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My wife of 65 years passed away and I made a tax mistake when inheriting her IRA

Por: MarketWatch Business January 23, 2024

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My wife’s 2022 required minimum distribution was paid to my checking account at the same bank. The balance was then put in a new account with the ownership description shown as an inherited IRA. Time passed, and I took RMDs for her account and my own IRA. To my surprise, the RMD from the inherited IRA was roughly double the amount I received from my IRA, although the amounts in both accounts were approximately the same. I discovered through... + full article



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