0
Can I liquidate my newly deceased parent's IRA and pay taxes at their rate instead of mine?
Upon the passing of your parents, the money inside the IRA becomes yours by inheritance. Assuming that it is under the "Death tax" limit, you will pay income tax at your rate upon withdrawal. You are allowed to keep the money inside the IRA to defer taxes, but the rate at which it is withdrawn it subject to the income tax bracket in which you are in, not your parents.
What else can I help you with?
What does it mean if a picture of a newly deceased falls off the wall?
It most likely means that the picture was not properly secured to the wall.
Are newly licensed drivers covered by parents commercial insurance policy?
yea
What is the nutritional role of the vulture in the Lion King?
The nutritional role of the vultures in The Lion King is to devour the remaining flesh from deceased animals or eat a newly deceased animal. For example, vultures/buzzards try to devour Simba when he passed out because he appeared dead to them.
What is patrilocal?
"Patrilocal" is an adjective that describes social systems in which newly married couples live with or near the husband's family.A newly married couple is required to live near or with the parents of the groom.
What statements best describes matrilocal system?
a newly married couple is required to live near or with the parents of the groom
Who chooses name for a newly born baby in Islam?
The parents should agree on a name but anyone can suggest a name.
What statements best describes a matrilocal system?
A newly married couple is required to live near or with the parents of the bride.
Do the bride's parents send a wedding card to the newly wedded couple?
No they just give them a big wedding gift
Who was newly elected governor of Alabama in 1961?
Wallace was the governor. I met him on a trip with my parents and he gave us a tour of the capital building.
Does a newly licenced driver under the age of 18 have to be listed as a driver with the insurance company or are they covered automaticly under the parents' policy?
They must be listed.
What do goldfish do once their parents leave?
Goldfish likely do not have those sort of attachments that humans or animals have. Typically, the fry (baby fish) are raised separately anyway as the parents would eat the eggs and/or newly hatched babies.
Why is your newly refinished hardwood floor showing cloudy spots?
There are several factors that can cause a newly refinished flow to show cloudy spots. They include moisture in the wood, using a poor quality brush, using a roller instead of a brush and over brushing the polyurethane on the floor.
