My father recently passed away and left his retirement account to my sister and I. What can we do with it without getting nailed with penalties/taxes?
Contact the bank or broker holding the account and discuss your alternatives. As specialists in handling retirement accounts, they should have current information on taxation of distributions from the account.
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Contact the bank or broker holding the account and discuss your alternatives. As specialists in handling retirement accounts, they should have current information on taxation of distributions from the account.
