29-Aug-17
Inherited IRAs – Reporting Useless Information?
Take-Away: While an estate’s personal representative must now report to the IRS and estate beneficiaries date-of-death values for basis consistency purposes, it does not make much sense to report the value of an IRA account which has no basis. Apparently, however, that is required under the IRS’s proposed Regulations for its new basis consistency reporting […]
Read More