IRA Beneficiary DisclaimersIRA Beneficiary DisclaimersIf a named beneficiary disclaims an interest in an inherited IRA, the disclaimed portion goes to the next beneficiary in line. The disclaimer is effective for both income tax and estate tax purposes. The original beneficiary won't be taxed on the funds, and the recipient will be treated as receiving the funds directly from the decedent.
If a named beneficiary disclaims an interest in an inherited IRA, the disclaimed portion goes to the next beneficiary in line. The disclaimer is effective for both income tax and estate tax purposes. The original beneficiary won't be taxed on the funds, and the recipient will be treated as receiving the funds directly from the decedent.
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