The 2010 RMD is your father’s RMD, but if only if he passed on or after his required beginning date. His RBD is 4/1 following the year he would have reached 70.5. If he passed after his RBD, you must distribute his RMD if he did not distribute it prior to his death. You can take a distribution in 2010, but for 2010 it is not based on your life expectancy. Therefore, based on the info you posted, it is not possible to tell how the distribution you took in 2010 relates to his RMD or if he even had an RMD requirement.

With respect to 2011, your RMDs must begin no later than 12/31/2011. Your RMD is based on your attained age by that date, apparenlty 51 and the divisor is 33.3. For each year after that reduce the divisor by 1.0. The distribution you took in 2010 does not affect your divisor in later years, but it did reduce the 12/31/2010 balance used to compute your 2011 RMD.

The above comments apply to your inherited IRAs in total. Since you inherited both of them from the same decedent, you can aggregate the RMDs. That means you figure them separately, total the amounts and then take that amount in any combination you choose from the accounts. You can also combine the accounts if you wish, but only by direct transfer and only if your divisor is the same for both. If there are any other beneficiaries on these accounts, you must create separate accounts no later than 12/31/2011 to prevent the oldest beneficiary’s life expectancy from applying to all beneficiaries.

Re IRA 2:
Not taking a distribution depends on the above variables. The only thing that matters in 2010 was that either your father or you met HIS RMD requirement for both IRAs (if he had one). Your life expectancy for IRA 2 would be the same as for IRA if you were the only beneficiary. If there are other beneficiaries, see the prior paragraph regarding separate accounts.

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