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Income in respect of a decedent

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Income in respect of a decedent. Any income your beneficiary receives after your death that would have gone to you if you were still alive is described as income in respect of a decedent.

One example is the income your beneficiary gets as a minimum required distribution from your 401(k) or IRA. In this case, your beneficiary pays tax on that income at his or her ordinary rate, as you would have.



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The Service held that the transfer to the trust will not be treated as a sale or disposition of the IRA, nor give rise to income recognition under the Code's rules for income in respect of a decedent.
The 2001 Act continues the provisions of current law governing income in respect of a decedent (
Restructuring and Reform Act of 1998, it covers such topics as valuation elections, stock redemptions, disclaimers, planning the final return, marital deduction, expenses and income in respect of a decedent and miscellaneous
 
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