Taking RMDs on Inherited IRAs from another IRA ACCOUNT
I have a client who is over 59 1/2 and has an inherited IRA with an asset that is not liquid and has no cash in the account. Can he take the RMD amount from another IRA account?
I have a client who is over 59 1/2 and has an inherited IRA with an asset that is not liquid and has no cash in the account. Can he take the RMD amount from another IRA account?
Permalink Submitted by Alan - IRA critic on Thu, 2014-06-05 15:44
Only if inherited from the same decedent. Taxpayers need to restore liquidity to all IRA accounts for which RMDs will be required so they can meet the RMD requirements for either owned or inherited accounts.