Decedent’s 2023 Year of Death RMD – Relief from Notice 2023-54?
Did Notice 2023-54 provide relief to beneficiaries from having to take the decedent’s 2023 year of death RMD if they had not done so when they died? I don’t think so since the notice mentions years of death of 2020, 2021, and 2022, but want to be sure. And the SECURE Act and SECURE Act 2.0 did not otherwise change the obligation for beneficiaries to take the decedent’s RMD, did they? Other than the IRS created the automatic extension last year for this RMD to be taken by the decedent’s tax filing deadline…
Permalink Submitted by Alan - IRA critic on Tue, 2023-10-03 01:54
You are correct. The Notice does not affect the requirement of a beneficiary to complete the year of death RMD, although the proposed Secure Act Regs do extend the deadline for that to be completed to the tax due date with extensions.