File Your Representative Payee Report. The SSA requires that a representative payee file an annual accounting called the Representative Payee Report. This report details what you, as the representative payee, have done with the beneficiary's funds during the previous year.
You can roll over an inherited qualified annuity. This type of annuity resides in an individual retirement account or employer plan. A nonspouse beneficiary has limited options regarding how to roll over the annuity and when taxes are due.
For example, you may have taken out the money because you were planning to buy a home or a new car, but then decided not to and as long as you return the money to the IRA within 60 days, it receives rollover treatment.However, if the 60-day time limit has run, youâre generally out of luck.owever, if you took a distribution from Z, you could roll it into X, Y or Z because Z had not previously participated in a rollover. If you take a distribution from a plan that has already been part of a rollover within the last 12 months, that money is ineligible to be put back into an IRA.