Bene RMD same year of owners death…
We have a client that inherited funds from fathers IRA…the father did not take his RMD for 2010. There are 6 non-spouse beneficiaries and all but our client took the full distribution that was inherited, instead he moved it into a beneficiary IRA. Does our client need to request 1/6th of the owners 2010 RMD?
Permalink Submitted by Alan Spross on Thu, 2010-10-21 17:24
No. The large distributions of the others will more than cover the father’s RMD for 2010. It does not matter which beneficiary takes the RMD as long as the total RMD for 2010 has been distributed.