Mr. X, age 53, owns a traditional IRA with a $215,000 current balance. Mr. X recently divorced

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Mr. X, age 53, owns a traditional IRA with a $215,000 current balance. Mr. X recently divorced his wife and transferred this IRA to her as part of the property settlement.

Identify the tax issue or issues suggested by the above situations, and state each issue in the form of a question.

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Related Book For  book-img-for-question

Principles Of Taxation For Business And Investment Planning 2018

ISBN: 9781259713729

21st Edition

Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan

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