ag780 Posted January 17, 2009 Posted January 17, 2009 A spouse is receiving RMDs as the beneficiary. Who gets the 1099 and what would the code be? Dead guy - Code 4? Dead guy - Code 7? Wife - Code 7? Wife - Code 4? I've been stuck on these scenarios for years and haven't gotten a solid answer out of anyone :\ Just a lot of shrugs and guesses.
K2retire Posted January 17, 2009 Posted January 17, 2009 Distribution from Inherited IRA, dead husband's IRA, beneficiary account in qualified plan?
ag780 Posted January 17, 2009 Author Posted January 17, 2009 Distribution from Inherited IRA, dead husband's IRA, beneficiary account in qualified plan? Oops. Distribution from dead husband's account in a qualified retirement plan.
Bird Posted January 19, 2009 Posted January 19, 2009 The wife actually received the payment, so the 1099 goes to her, and it is on account of death, so it is code 4. Ed Snyder
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