what is tax liability on inherited ira from a trust account?
- Max HooplaLv 77 months ago
It depends on what you do with is.
- JudyLv 77 months ago
depends on your marginal tax rate. It's taxed as ordinary income.
- David B.Lv 77 months ago
It will be treated as income and taxed based on what bracket it moves you into. No one can determine that without knowing what you will earn by the end of the year or how much money is in that account you will be receiving. The taxes will be removed before they send you a check.