non spouse beneficiary RMD calculation
I am hoping someone can please give me a definitive answer to the following question
I am aware a non-spouse IRA beneficiary can aggregate (consolidate) the same IRA type (from the same decedent)via a trustee transfer.
My question is – What does the IRS consider same IRA type?
IT seems clear a Roth and Traditional cannot be agreggated.
What about SEP, SIMPLE and SAR-SEP acounts? Are they considered “like” accounts?
Can a non spouse beneficiary for the consolidate a SEP, SIMPLE, SAR-SEP and or T-IRA into a single IRA for the purposes of taking RMDs? I am receiving conflicting answers
Thank you
Permalink Submitted by Alan - IRA critic on Fri, 2014-02-21 02:23
On the surface this is an easy question, but not when you get into the exceptions. First, aggregation of the RMD and combining of accounts are two different things. RMD aggregation can apply without combining accounts, but combining cannot be done with inherited IRAs with different divisors. Roth IRA RMDs cannot be aggregated with non Roth IRAs (SEP, SIMPLE, Traditional) and RMDs aggregation cannot done with any IRAs using the 5 year rule. Re your last question, these types of IRAs can be combined if the divisors are the same.