Year of death RMD for qualified plan
Spouse is sole beneficiary of a qualified plan, and the participant, who is beyond RBD, dies before taking current RMD.
Must the RMD be taken before rolling to spouse’s IRA or can it roll first and have the RMD come from spouse’s IRA?
Permalink Submitted by Alan - IRA critic on Wed, 2023-04-05 14:49
It must be distributed from the plan prior to the IRA rollover because the rollover is a distribution and the first distribution in a year includes the RMD, which RMD is not eligible for rollover. This differs from inherited IRAs where the spouse can do the rollover by direct transfer, avoiding a distribution.
Permalink Submitted by Michael Frontera on Wed, 2023-04-05 15:04
THANK YOU