RMD from multiple IRA’s post death
An 88 year-old married man with multiple IRA’s died before taking a RMD for the current year. The IRA’s have different beneficiaries. Is each beneficiary required to take a RMD equal to their ownership percentage of the total of all IRA accounts?
Thanks for the help,
David
Permalink Submitted by Alan - IRA critic on Mon, 2015-07-27 00:35
No. Perhaps one or more of the beneficiaries needs the money and others do not. If so, the beneficiaries who want to make a distribution notwithstanding the year of death RMD requirement can take distributions that satisfy the RMD. The IRS does not require that all IRA accounts participate in the RMD for the year of death. Putting it another way, while living the IRA owner can aggregate RMDs between IRA accounts, and the final RMD is calculated and determined as if the IRA owner lived all year, so the same rules apply.