IRA for deceased that passed to Estate

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  • Bonnie
    Senior Member
    • Jan 2007
    • 579

    #1

    IRA for deceased that passed to Estate

    Taxpayer died with no will and no beneficiary for either of his two IRA's. I've never dealt with this so can the estate cash in the IRA's and use the funds to pay off debt and then distribute any remaining funds to the heirs? If so would the Estate file a tax return and pay the tax on the withdrawals from the IRA accounts
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