RMD
I have a client age 70 and 3 months that died. Do we have to take out a RMD since they died in their 70th year, even though they are not 70.5?
Frank
I have a client age 70 and 3 months that died. Do we have to take out a RMD since they died in their 70th year, even though they are not 70.5?
Frank
Permalink Submitted by Alan - IRA critic on Tue, 2019-03-05 15:09
No. There is no year of death RMD if the IRA owner passed prior to the required beginning date. That date is 4/1 of the year following the year the owner reached 70.5.