You want a trustee to trustee transfer. It sounds like the form you received was for a distribution. They would not ask about tax withholding if it were a trustee to trustee transfer. If they send you the money you can do a 60 day rollover (you have 60 days to deposit the money in the receiving institution.
Much better is to have the receiving financial institution initiate the trustee to trustee transfer. If you have assets in the inherited IRA that cannot be held at the receiving institution, the sending institution will cash them out and send cash to the receiving institution).
--vtMaps
Much better is to have the receiving financial institution initiate the trustee to trustee transfer. If you have assets in the inherited IRA that cannot be held at the receiving institution, the sending institution will cash them out and send cash to the receiving institution).
--vtMaps
Statistics: Posted by vtMaps — Tue Jan 07, 2025 12:20 pm