Basic question, just want to be sure i have right

Submitted by David Castelli on Tue, 2015-10-27 18:55

Facts-
Mom passed in 2015- son is non spouse beneficiary, age 40.. Mom died before MRD required.

Looks like non RMD in year of death required by the son. Son has until Dec 31 2016 to make MRD and will be based on his age at year end after his moms death, based on Table 1 IRS Pub 590-B

Or take entire balance by end of 5th year following date of death

Am I missing anything?

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Permalink Submitted by Alan - IRA critic on Tue, 2015-10-27 19:10

You have it right. The default rule will be life expectancy RMDs based on the age of the son on 12/31/2016. However, son would also have the option of the 5 year rule. The only advantage of the 5 year rule would be if there was some reason he could not take a small RMD each year for the first 4 years.