Inherited IRA non spousal – year of death

Submitted by Jon Halvorson on Sun, 2018-09-02 12:33

Under what circumstances, if any, would the Inherited non-spousal IRA have to take RMDs in the year of death? Or is it always the case that they are due for the following year? Thanks



Submitted by David Mertz on Sun, 2018-09-02 13:09

  • No beneficiary RMDs are due for the year of death, but if the deceased died after the deceased’s required beginning date (RBD) for RMDs from the IRA, April 1 of the year following the year in which the deceased reached age 70½, the beneficiaries must complete any portion of the deceased’s year of death RMD that remained uncompleted by the deceased.  If there are multiple beneficiaries of the IRA, the beneficiaries can complete the deceased’s year of death RMD in any combination; sometimes one beneficiary will want to take a distribution large enough to satisfy the deceased’s year of death RMD and the other beneficiaries will not need to take any for that year.
  • Beneficiary RMDs begin with the year following the year of death.  (If the deceased died before the deceased’s RBD for RMDs, the beneficiaries can make distributions under the 5-year rule instead, where the requirement is simply that the entire inherited IRA be distributed by the end of the 5th year following the year of death.)

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