inherited ira inherited by Mom from son
client inherited her son’s IRA who passed away. He was 55
a. does she have to take a distibution based on the inheited tables for her age?
or…
b. can she take it based on what her son ages would be going forward?
Thank you,.
Douglas
Permalink Submitted by Alan - IRA critic on Tue, 2018-06-26 03:28
If son would have passed after his RBD, she could take distributions using his remaining life expectancy. But since he passed before his RBD, she must use her own single life expectancy for RMD starting in the year following the year of son’s death. Therefore, the answer is a. Ref Pub 590 B, p 9.