IRA valuation at death

[Treasur2]

DOD was 01/8/2018. The beneficiary was a trust. 1099-R shows distribution.

When I called broker\advisor, they tell me that amount (value) was from the date of distribution. NOT date of death. Date of distribution is 6 weeks approximately after death.

I thought DOD is value reportable to IRS and distribution amount.

This is a national highly respected Broker-dealer.

[New York Enrolled Agent]

Sounds like the Broker did it right.

A 1099-R reports the amount of the distribution.

DOD value on an IRA might be applicable for any Form 706 but IRA/401K/403Bs do not get DOD value for distribution purposes.

[Burke]

I thought DOD is value reportable to IRS and distribution amount.

FMV of IRA would have been reportable to IRS and TP as of 12/31/17, only for purposes of RMD for 2018. DOD value is not reported to IRS. Distribution amount is amount on 1099R and reportable as taxable income on Form 1041 for trust.

[Treasur2]

error is mine. I was thinking of estate valuation. issue. This is a trust income issue. Disregard question. Except for appoligeis