Required distribution for Roth after death of owner
Hello
We have a client who passed away in august 2012. He was 80 years old and had a Roth IRA. Do his beneficiaries have to take a distribution in 2012. His estate hasn’t been completely settled and the Roth IRA has not been distributed to his heirs yet.
Thanks!
Permalink Submitted by Alan Spross on Tue, 2012-11-27 01:04
There is no RMD for 2012 since a Roth owner is not subject to RMDs and non spouse beneficiaries do not need to take an RMD for 2012. Their first RMD is for 2013 before the end of 2013. A spousal beneficiary can roll their share over to their own Roth IRA and avoid RMDs.