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Tax implications to US non-residents who are beneficiaries of 401k

Asked on Jan. 7, 2020

I am the administrator of the estate of my deceased friend. The beneficiaries are my friend's parents who are not US residents and do not reside in US. The estate is primarily a tax-deferred (traditional) 401k account. Will the beneficiaries have to pay any taxes to the US federal and state government?

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Filed Under: Tax
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