IRS Letter Ruling: "Service Rules on Proper Treatment of Distributions from Descendent's IRA"

The IRS has determined that a widow who enacted a disclaimer under section 2518 is the sole beneficiary and distributor of her late spouse's IRA. She is allowed to transfer the funds from the IRA to a separate IRA in her own name, and that she neither nor her spouse's estate will be required to include the transferred amounts in gross income.