RMD’s from IRA after RBD
I tried to look this up on the IRS website, but could not get a clear answer. Could you please clarify.
What is the 2022 RMD rule if the Deceased owner died in 2020 at the age of 89? Does my client need to take a 2022 RMD? Or, is there a waiver for 2021 and 2022? And, then start taking RMDs in 2023 and every year until the Inherited IRA is depleted in the 10th year?
Thank you.
Permalink Submitted by Alan - IRA critic on Mon, 2022-12-05 20:24
The IRS has waived the 2021 and 2022 annual LE RMDs within the 10 year rule, and if the Regs are adopted these RMDs would resume in 2023 (Years 3-9 of the 10 year rule). That said, if client wants to avoid a large lump sum distribution in 2030, client should plan to take some distributions along the way, perhaps even more than the RMDs will be.