ira owner died in 2020 after taking her RMD for that year (even though not required)
The children want to set up a 10 year deferral and want to know if they have to take the RMD, for 2021 from moms account
The children want to set up a 10 year deferral and want to know if they have to take the RMD, for 2021 from moms account
Permalink Submitted by mark daviau on Wed, 2021-12-01 18:41
same scenario
Permalink Submitted by Alan - IRA critic on Wed, 2021-12-01 23:31
The 2020 distribution was not an RMD since 2020 RMDs were waived it was just a voluntary distribution. The 10 year rule probably applies to the beneficiaries, so there is no 2021 RMD required, but the inherited IRA(s) of each child will have to be totally drained by 12/31/2030.