How Much Income Tax Will I Have to Pay on an Inherited 401(k)?
Question and background: How much income tax will I have to pay on an inherited 401(k)? It was $1,790,000. I got it from my dad when he passed. Answer: My condolences in the passing of your father. In answering, I’ll assume that you are the sole “designated” primary beneficiary and that all your father’s contributions to the 401(k) were pre-tax.