RMD
I had a client who died in March of 2009. In 2010 the IRA account was distributed to the beneficiary’s inherited IRA account. How is the RMD for 2010 calcuilated? is it bsed on the RMD of the original owner of or the beneficiary who received the account.
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Permalink Submitted by Alan Spross on Tue, 2010-08-31 19:28
The 2010 RMD is based on the designated beneficiary’s life expectancy using the age this beneficiary would attain in 2010. But if the owner passed after his required beginning date and the beneficiary is older than the deceased IRA owner, the decedent’s remaining life expectancy would apply.