Pass-Through Trust as Beneficiary
If I name my Revocable Living Trust (pass-through) as the contingency beneficiary of my Rollover-IRA, are the RMD’s taxed at the trust’s rate or the trust beneficiary’s rate? Who is the distribution check made out to & what tax id is used? I have already started taking RMDs.
Permalink Submitted by Alan - IRA critic on Wed, 2019-05-08 20:31
Should the trust inherit, the check will be paid to the trustee of the trust and reported to the trust’s EIN. It might be preferable to name individual contingent beneficiaries directly.