BenefitsLink Message Boards > Can spouse beneficiary take death distribution and then treats balance

Full Version: Can spouse beneficiary take death distribution and then treats balance

BenefitsLink Message Boards > Retirement Plans > IRAs and Roth IRAs

Shelton

Apr 10 2001, 12:40 PM

Say a spouse beneficiary, of an IRA owner who dies before age 70 1/2, moves the assets to an inherited (beneficiary IRA) and takes a death distribution. Can the spouse beneficiary later move the remaining assets to an IRA in his/her own name (i.e. treat the remaining balance as his/her own?)

BPickerCPA

Apr 10 2001, 07:44 PM

A recent private letter ruling permitted this scenario.

Shelton

Apr 11 2001, 01:20 PM

Thanks Barry,
My sincere appreciation.
Would you happen to know that PLR number?
I have a database pf PLR's but I am unable to identify this one.
I can send you a copy for your files if you like.

Thanks Again-Shelton

BPickerCPA

Apr 11 2001, 05:57 PM

I keep this stuff in my office. It is a year 2001 ruling (or maybe Dec, 2000) so it should not be hard for you to track down.

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