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If you inherit a Roth 401(k), is it taxed?
Recent graduate with new job: Choose Roth 401(k), or traditional 401(k)?Can you recharacterize a Roth 401(k) contribution?Is it a bad idea to have both pre-tax and Roth money in a 401k?Roth IRA contributions and Roth 401(k) rolloverHow much more can I contribute to my 401(k) this year after I made some Roth IRA, Roth 401k, and 401k contributions?Split Roth 401(k) Rollover between Traditional IRA and Roth IRADoes a Roth 401(k) rolled into a Roth IRA count toward the annual contribution limit?Roth 401(k) compared to Roth IRAHow does having a 401(k) affect taxes on a Roth IRA?How are my 401(k) withdrawals taxed if I also withdraw from a Roth IRA?
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My understanding is that a Roth IRA can be inherited and the U.S. government doesn't put an inheritance tax on it.
Does that also apply to a Roth 401(k)? In other words, if I died, would my children inherit my Roth 401(k) without that 401(k) facing an inheritance tax?
united-states taxes inheritance roth-401k
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My understanding is that a Roth IRA can be inherited and the U.S. government doesn't put an inheritance tax on it.
Does that also apply to a Roth 401(k)? In other words, if I died, would my children inherit my Roth 401(k) without that 401(k) facing an inheritance tax?
united-states taxes inheritance roth-401k
add a comment |
My understanding is that a Roth IRA can be inherited and the U.S. government doesn't put an inheritance tax on it.
Does that also apply to a Roth 401(k)? In other words, if I died, would my children inherit my Roth 401(k) without that 401(k) facing an inheritance tax?
united-states taxes inheritance roth-401k
My understanding is that a Roth IRA can be inherited and the U.S. government doesn't put an inheritance tax on it.
Does that also apply to a Roth 401(k)? In other words, if I died, would my children inherit my Roth 401(k) without that 401(k) facing an inheritance tax?
united-states taxes inheritance roth-401k
united-states taxes inheritance roth-401k
edited 7 hours ago
Chris W. Rea
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26.8k15 gold badges90 silver badges179 bronze badges
asked 8 hours ago
Stan ShunpikeStan Shunpike
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Well, no.
True, a Roth has no income tax. The tax was already paid on deposit and no more tax due.
But, the Roth, IRA or 401, still might be subject to estate tax, as it is still part of the estate for state and federal estate tax purposes. Keep in mind, the federal estate exemption is high, over $11M per decedent. State varies, by, well, state.
add a comment |
1 Answer
1
active
oldest
votes
1 Answer
1
active
oldest
votes
active
oldest
votes
active
oldest
votes
Well, no.
True, a Roth has no income tax. The tax was already paid on deposit and no more tax due.
But, the Roth, IRA or 401, still might be subject to estate tax, as it is still part of the estate for state and federal estate tax purposes. Keep in mind, the federal estate exemption is high, over $11M per decedent. State varies, by, well, state.
add a comment |
Well, no.
True, a Roth has no income tax. The tax was already paid on deposit and no more tax due.
But, the Roth, IRA or 401, still might be subject to estate tax, as it is still part of the estate for state and federal estate tax purposes. Keep in mind, the federal estate exemption is high, over $11M per decedent. State varies, by, well, state.
add a comment |
Well, no.
True, a Roth has no income tax. The tax was already paid on deposit and no more tax due.
But, the Roth, IRA or 401, still might be subject to estate tax, as it is still part of the estate for state and federal estate tax purposes. Keep in mind, the federal estate exemption is high, over $11M per decedent. State varies, by, well, state.
Well, no.
True, a Roth has no income tax. The tax was already paid on deposit and no more tax due.
But, the Roth, IRA or 401, still might be subject to estate tax, as it is still part of the estate for state and federal estate tax purposes. Keep in mind, the federal estate exemption is high, over $11M per decedent. State varies, by, well, state.
answered 8 hours ago
JoeTaxpayer♦JoeTaxpayer
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152k25 gold badges251 silver badges488 bronze badges
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