inherited IRA’s
client is 46, has two inherited IRA’s.
They were inherited in 2016. When does she need to
take the RMD, is it before April 15th, or anytime in 2017?
client is 46, has two inherited IRA’s.
They were inherited in 2016. When does she need to
take the RMD, is it before April 15th, or anytime in 2017?
Permalink Submitted by Alan - IRA critic on Tue, 2017-03-28 00:44
Assuming client to be a non spouse beneficiary, the first RMD is due 12/31/2017 when the client is using life expectancy rather than the 5 year rule. If decedent passed after their RBD the client must also complete the 2016 year of death RMD ASAP if the decedent did not complete it before passing. If client is a surviving spouse, please advise.