Inherited Roth IRA
As the beneficiary of a Roth IRA inherited from my mother (deceased in 2007) am I required to take a distribution (required mandatory distribution)? For 2008? Ever?
As the beneficiary of a Roth IRA inherited from my mother (deceased in 2007) am I required to take a distribution (required mandatory distribution)? For 2008? Ever?
Permalink Submitted by Al Fry on Mon, 2008-12-29 14:57
Yes, by 12.31.08, and every year threafter. It is the RMD based on last year’s 12.31 balance divided by the factor from the single life table.