RBD and RMDs
Client died at age 73 but before taking his RMD and also before reaching Required Beginning Date. Son inherited IRA assets. Is the Son still required to take annual RMDs even though Dad didn’t reach his RBD? Does the Son still have to take his Dad’s RMD?
Permalink Submitted by Alan - IRA critic on Mon, 2024-01-15 17:16
There is no year of death RMD when the owner passes prior to RBD, and the son is not required to take annual RMDs in years 1-9 of the 10 year rule. Nevertheless, the son should consider taking some distributions to prevent a large taxable income spike in year 10.