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Yuri recently passed away, leaving his $ 1 , 1 0 0 , 0 0 0 IRA to his wife, Natalia. They live in a
Yuri recently passed away, leaving his $ IRA to his wife, Natalia. They live in a community property state. The portfolio in the IRA has nearly doubled from Yuris $ in contributions. Yuri and Natalia have two adult children, Alexei and Katerina, as well as several grandchildren. Natalia is now considering her options for managing the inherited IRA and would like to start sharing with her favorite grandchildren. What is the basis of Natalia's inherited IRA as she thinks about tax consequences of withdrawals?
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