10-Year Rule for Year of Death 2020
Because the CARES Act eliminated the RMD requirement for 2020, did that “skip” 2020 for consideration of the 10-year rule, extending the final year for full distribution of the account to 2031? If yes, is there any guidance that validates this position?
Permalink Submitted by Alan - IRA critic on Fri, 2022-11-18 23:11
No, the final year would be 2030 because the first year of a 5 year or 10 year rule does not count the year of death regardless of what the year of death was. The first year that counts is 2021. If a 2019 death fell under the 5 year rule, then 2020 would be skipped and 6 years would be allowed.