02-27-2005, 11:14 AM
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 Re: Stretch IRAs If the RMDs were large enough (over $800), then the child would have to start paying taxes. Here's a link that might be helpful. Scroll down to the section that talks about the kiddie tax. http://www.estrong.com/strongweb/str..._FAQ&newSess=1 JLP http://AllThingsFinancial.blogspot.com |
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#-1
02-17-2005, 09:11 PM
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| Stretch IRAs WIth regular IRAs (since Roth IRAs have no Required Minimum Destribution(RMD)), an individual has set up two different IRA accounts each having one beneficiary. To my understanding, once an individual has passed on, the beneficary can take out the RMD on the inherited IRAs based on his/her life espectancy to stretch out the IRA. Since IRAs are funded with pre-tax money, any distribution will be taxed as ordinary income tax. My question is that if a grandchild who doesnt file a tax form is named as a beneficiary to an IRA, what would be the tax implications for the grandchild? |
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| iras, stretch |
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