Our clients father passed away in November of 2010. He was the sole beneficiary of his dads IRA. Most of the IRA was moved over to a beneficiary IRA in 2010 but some bonds with death puts were left in his dad’s IRA to be redeemed. These were not redeemed until 2011. After redemption the remaining amounts moved over into the beneficiary IRA.

Is the 2011 RMD for the beneficiary IRA based on the 12/31/2010 combined value of the beneficiary IRA and what was left in his dad’s IRA? Or is just the value of the beneficiary IRA?