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How would i inherit an ira from vanguard fiduciary trust? i inherited it from my mother, but the payer on 1099r is listed as vanguard fiduciary trust.

Forum|Forum|5 years ago
June 25, 2020
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first responses are not relevant to question

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Best answer by Anonymous_

Vanguard is the financial institution that has the obligation to issue the tax reporting statement (1099-R).

Your mother was the plan participant (i.e., beneficiary) while you are, apparently, the designated beneficiary of the IRA. As such, you did not "inherit" the IRA from Vanguard, you "inherited" it from your mother.

A

Anonymous_Answer

Employee

Vanguard is the financial institution that has the obligation to issue the tax reporting statement (1099-R).

Your mother was the plan participant (i.e., beneficiary) while you are, apparently, the designated beneficiary of the IRA. As such, you did not "inherit" the IRA from Vanguard, you "inherited" it from your mother.

O

Opus 17

Employee

I don't think we understand your question. With an inherited IRA, the PAYER's name would be Vanguard, and the PAYEE's name should be something like "John Smith as beneficiary for Mary Smith".

Does your 1099-R say something different? You may need to call Vanguard directly.