RMD in year of death
Form 1099-R for the entire balance of the IRA, which was taken subsequent to death by the Executor, was issued to the Estate and deposited to the Estate cash account in the year of death of the decedent/owner. There was no RMD taken by the decedent/owner before death. Is a portion of the 1099-R representing the RMD required to be reported on his final 1040?
Permalink Submitted by Alan Spross on Fri, 2012-06-01 17:24
No.
In the year of death, the owner’s remaining RMD is required to be taken by the beneficiaries (estate in this case) and will be reported on the estate’s tax return Form 1041.