403b funding

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  • kathyc2
    Senior Member
    • Feb 2015
    • 1947
    #1

    403b funding

    This one is throwing me for a loop. New client brought statement from American Funds that is stated to be a 403b account. Client states the money in the account came from an inheritance from her aunt some 15 years ago. I wouldn't think that to be possible. Even if her aunt had a 403b, client should have been taking annual distributions. Is there something obvious that I'm missing?
    Tags: None
    • TAX4US
      Senior Member
      • Mar 2010
      • 551
      #2
      I would back track and follow the money. How did it get to be a 403-b without it being a 403-b to start?

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