RMD on inherited IRA
Quick question on Required Minimum Distribution on an Inherited IRA.
Client has multiple IRA accounts including one he inherited from his deceased brother. Client is over age 70 & 1/2.
Can the RMD for the inherited IRA be taken from one of his other personal IRA’s similar to combining the RMD’s on the regular IRA’s and taking the $$$ from just one IRA? Yes, the client knows the calculations are diferent but if the total amount of the IRA distribution is enough to satisfy all the RMD’s can he take it from just one regular IRA?
Thanks in advance,
Permalink Submitted by Alan Spross on Thu, 2011-12-29 21:53
Tom is correct.
RMDs for inherited IRAs cannot be aggtregated with those for owned IRAs. Owned IRA RMDs can be aggregated with each other, and inherited IRAs inherited from the same decedent can be aggregated with each other.