IRA RMD received in divorce settlement
I have an client that was divorced and was over age 70 1/2 at the time of the divorce settlement. She received ownership of one of her ex-spouse’s IRAs. When do the RMDs take effect for her?
I have an client that was divorced and was over age 70 1/2 at the time of the divorce settlement. She received ownership of one of her ex-spouse’s IRAs. When do the RMDs take effect for her?
Permalink Submitted by Alan Spross on Fri, 2012-03-23 18:26
With respect to the IRA received, in the year following receipt based on the 12/31 value for the year of receipt.