Inherited IRA
Had a client who inherited IRA from her mother who passed 3 years ago. Mom was taking RMDs at time of death. My client had been taking small amounts first few years after moms passing. With the new rule changes, is she actually required to take anything in 2024 or does it fall under the 10 year rule?
Permalink Submitted by Alan - IRA critic on Tue, 2024-12-31 11:41
The 10 year rule applies, but the IRS has waived the annual RMDs for 2021-2024. These annual RMDs must resume starting in 2025.