IRA beneficiary RMD deadline
If an IRA owner died post RBD in 2023 and failed to take their RMD before they died, does the beneficiary have until April 15, 2024 to take it on their behalf?
If an IRA owner died post RBD in 2023 and failed to take their RMD before they died, does the beneficiary have until April 15, 2024 to take it on their behalf?
Permalink Submitted by David Mertz on Sat, 2024-03-09 18:17
The proposed regulations create an automatic waiver of the excess-accumulation penalty if the beneficiary completes the RMD by the due date of the tax return, including extensions. A distribution of the 2023 RMD paid to the beneficiary by April 15, 2024 would qualify.