Last RMD for Successor Owner
My client is taking her last RMD as a Successor Owner from an Inherited IRA. However, because of market volatility the amount in the account is less than the 2022 RMD by approximately $200 . If we take the entire balance and close the account, will that be sufficient for 2022?
Permalink Submitted by Alan - IRA critic on Tue, 2022-07-19 13:41
Yes, there is no penalty as long as the account is fully distributed.