I inherited Dad's IRA and the house in Virginia. What has to happen this year?
This page walks through an inherited IRA, an inherited Virginia house and the state's taxes on both, and what has to be done before December 31.
Resources
A guide to a tax decision our clients face
This guide takes one tax question, works it through with Virginia figures and a worked example, and says where a conversation would change the answer. The guides for the three situations we know best are on our who we help page; more will join this one here.
This guide was written by the team at LAS CPA, PC and reviewed by a senior tax advisor before it was published. The date on it is the last review. It explains how the rules work. What to do in your own year is the conversation, so it ends with a way to start one.
The guide
The first guide beyond the three situations on our Who we help page: the first year after an inherited account or house. More go up as each clears its technical review.
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