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How can I be exempt from paying taxes on my deceased father's 401k distribution?

Asked by scotielee (117points) April 18th, 2011

My father passed in March of 2010 and had recently received part of his 401k. When filing his final return and entering the 1099-R, I go from receiving nearly $4,000, down to owing $1,200. I am trying to find a way out of having to pay those taxes on the distribution. Please help.

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