Inherited IRAs Bring Special Tax Issues for Surviving Spouses

When inheriting an IRA, a surviving spouse has several options. He or she can remain the beneficiary of the account. As an alternative, if the spouse is the sole beneficiary, he or she can instead treat the inherited IRA as his or her own. If there are multiple beneficiaries, the account can be divided up so the spouse's share is in its own account. When a spouse makes this decision, the IRA is Continue Reading