I inherited a proportional share (a third or a half, usually) of several small IRA accounts last March. I have yet to actually claim these inheritances or do rollovers for them, so technically they're still under the name of the decedent. Do I have any tax obligations for these for 2007? Does the decedent (meaning do I have to do anything for the decedent's 2007 return)?
posted by liketitanic on Apr 4, 2008 - 10 answers

I just inherited some money from my grandmother. I am, however, not sure of the US federal government's inheritance tax policies. I have tried the IRS website to no avail (big surprise there, eh?). Anyone know at what amount the tax kicks in and at what rate it's taxed?
posted by raintea on Sep 9, 2004 - 6 answers