IRA Owner dies before she takes her RMD

Submitted by Vickie Intriago on Wed, 2023-03-29 20:32

IRA owner was age 82 when she died. An operations person at my broker dealer says that if the IRA owner had not taken her RMD the beneficiary needs to take the RMD .
That doesn’t seem correct. Who would sign the IRA distribution form on behalf of the deceased IRA owner who has not taken the RMD?

Any help with this would be appreciated.



Submitted by David Mertz on Wed, 2023-03-29 22:22

  • The beneficiary is not signing the distribution form on behalf of the decedent.  The beneficiary must complete the year-of-death RMD and is signing as beneficiary of the inherited IRA.  The distribution is paid to and is taxable to the beneficiary, not to the decedent.  See CFR 1.401(a)(9)-5 Q&A-4(a):
  • https://www.law.cornell.edu/cfr/text/26/1.401(a)(9)-5


Add new comment

Log in or register to post comments