Skip to main content
August 24, 2024
Question

Wrong EIN on inherited IRA

  • August 24, 2024
  • 1 reply
  • 0 views

I incorrectly gave the EIN of my father’s estate for accounts under his trust to several firms. Can this be corrected without switching my distributions from the ten to five-year rule? (I know that trusts with estates as beneficiaries must liquidate IRAs in five years, but the estate was never the true beneficiary. The firm knows this and has received the document. It was just a clerical error.)

1 reply

August 24, 2024

the rule is based on who the beneficiary is, not the EIN..... it's a clerical error; ask the administrator to change the EIN.