Non Spousal Inherited IRA RMD’s
Wanting to know if a son inherits his parents IRA,does the RMD’s are started when
the original parental owner would have to take them. The RMD’s are figured based
his age of 45 when the parent would have to take them? If the son passes away at
age 65,and his daughter continues the RMD’s the balance of her Dad’s at her age?
Permalink Submitted by Alan - IRA critic on Thu, 2013-05-02 19:01
A non spouse beneficiary must begin RMDs in the year following the owner’s death. The beneficiary’s age in that year is used to calculate the RMD. If the beneficiary has named a sucessor beneficiary on the inherited IRA, the successor beneficiary must continue to reduce the divisor that applied to the deceased beneficiary by 1.0 for each year. The daughter in your example cannot use her own life expectancy.