Usually, a beneficiary who receives a distribution from an inherited qualified retirement plan (QRP) or individual retirement account has taxable income in respect of a decedent (IRD).1 If the retirement plan assets were included in an estate that incurred a federal estate tax liability (in 2013, an estate over $5.25 million), then their full value was subject to the federal estate tax. Courts have rejected arguments that the value of retirement assets should be discounted to reflect ...

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