RMD (Spousal beneficiary)
I am looking for guidance regarding the following fact pattern:
FACTS:
T-IRA account owner, 91, dies in 2012
2012 RMD was taken before death
surviving spouse 100% sole primary beneficiary
Surviving spuose transered deceased account to his T-IRA in January 2013.
Questions:
Was a 2013 RMD due from the deceaseds account (prior to transfer)?
Anything else that I need to be aware of.
Thank you!
Permalink Submitted by Alan - IRA critic on Sat, 2013-04-13 01:09
When a surviving spouse completes a transfer to their own IRA in a year following their spouse’s death, they are treated as having owned the IRA the entire year. Therefore, a 2013 RMD is not required before the transfer. His 2013 RMD will be based on the total of his own IRA balance plus the inherited IRA balance as of 12/31/2012.