Solved: Tax saving strategies and inherited ira, Accounting Basics

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Tax saving strategies and inherited ira

Question 1. Allan and Sarah are not married. Sarah has a low income but Allan has a high income.

a. How might a loan from Sarah to Allan be advantageous to them?

b. How might it be advantageous for Allan to rent something from Sarah?

Question 2. Allan and Sarah are married. Allan passes away and Sarah is the sole beneficiary of Allan's IRA. Marge has the option of rolling over Allan's IRA into her own IRA. Why might Sarah prefer not to roll over Allan's IRA as her own?

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