At age 65, Carlota’s financial position was better than her health. She had a large balance in an...

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At age 65, Carlota’s financial position was better than her health. She had a large balance in an IRA
that she wanted to move to a different IRA. Carlota withdrew $100,000 from the IRA and planned to
oll the funds over into another IRA. Unfortunately, she died before completing the rollover. Carlota’s
son, Andres, discovered what his mother had done a week after her death. Andres was both executor
of Carlota’s estate and beneficiary of her IRA.Can Andres, in his role as executor, complete the
ollover for his deceased mother by depositing the $100,000 in another IRA within the 60-day rollover
period? A. Locate the IRS pronouncement(s) that deals with this situation. State the pronouncement
number(s).b. Review the IRS pronouncement(s). Does it raise a need for new information...

Robert · Accepted Answer

At age 65, Carlota’s financial position was better than her health. She had a large balance in an IRA 
that she wanted to move to a different IRA. Carlota withdrew $100,000 from the IRA and planned to 
roll the funds over into another IRA. Unfortunately, she died before completing the rollover. Carlota’s 
son, Andres, discovered what his mother had done a week after her death. Andres was both executor 
of Carlota’s estate and beneficiary of her IRA.Can Andres, in his role as executor, complete the 
rollover for his deceased mother by depositing the $100,000 in another IRA within the 60-day rollover 
period? A. Locate the IRS pronouncement(s) that deals with this situation. State the pronouncement 
number(s).b. Review the IRS pronouncement(s).

At age 65, Carlota’s financial position was better than her health. She had a large balance in an IRA that she wanted to move to a different IRA. Carlota withdrew $100,000 from the IRA and planned to...

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