Notice 2023-54
This notice only provides relief for IRAs inherited 2020 and after, correct? Those that inherited IRAs 2019 and prior are still subject to the old (stretch) rules, right?
This notice only provides relief for IRAs inherited 2020 and after, correct? Those that inherited IRAs 2019 and prior are still subject to the old (stretch) rules, right?
Permalink Submitted by David Mertz on Tue, 2023-10-03 15:58
Correct. The relief in Notice 2023-54 is related to changes made by the SECURE Act and the SECURE Act did not change anything for IRAs inherited from decedents dying before 2020.