What To Do When A Loved One Dies: Financial Questions Answered
Clever Girl Finance
NOVEMBER 20, 2023
Do beneficiaries pay taxes on 401k inheritance? Can a 401k be transferred after death? Do beneficiaries pay taxes on 401k inheritance? Yes, if a beneficiary takes the 401k inheritance as a lump sum, it is taxed as normal income, but there are many other rules depending on what you do with the 401k.
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