Is a transfer of an IRA incidental to a divorce a taxable distribution?

An individual's transfer of an interest in an IRA to a spouse or former spouse under a divorce decree or written instrument incident thereto is not a taxable distribution. Following such a transfer, the transferred interest is treated as an IRA of the transferee spouse, maintained for the spouse's benefit.

Please contact one of our IRA Experts at 800-472-0646 for more information.