Taxpayer's husband died 5 years ago at a work related accident. 2007 taxpayer rolls deceased husband's retirement annuity to IRA in her name. She then withdrew $35000 from the IRA in 2007. Does this retain the "exception to 10% penalty" as a distribution to a beneficiary on or after death?
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10% Penalty
Originally posted by Bucky View PostTaxpayer's husband died 5 years ago at a work related accident. 2007 taxpayer rolls deceased husband's retirement annuity to IRA in her name. She then withdrew $35000 from the IRA in 2007. Does this retain the "exception to 10% penalty" as a distribution to a beneficiary on or after death?Jiggers, EA
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