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Posted on 10/4/17 at 11:06 am
Posted by JANEDEAUX82
Member since Oct 2017
4 posts
Posted on 10/4/17 at 11:06 am
Thanks for the help
This post was edited on 10/4/17 at 8:13 pm
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 10/4/17 at 12:29 pm to
You pay income taxes only. Why do you have withdraw the remaining amount in 3 years?

Can you not roll it into a beneficiary IRA and use the lifetime stretch provision?
Posted by KillTheGophers
Member since Jan 2016
6226 posts
Posted on 10/4/17 at 1:52 pm to
I would suggest gathering all your documentation and go sit down with a good CPA as soon as possible.

Welcome to the tax avoidance game!



This post was edited on 10/4/17 at 1:53 pm
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 10/4/17 at 3:13 pm to
Roll the entirety of it to an Inherited IRA, then split the RMD's as a gift transaction to the other party.

If the other party MUST get their $50k this year. Roll your half to the IRA and withdraw their portion (less your added income and gift taxes) to them.
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