RMD
If somebody died on January 5th of 2016 and was age 72 do they still need to satisfy their 2016 RMD, or is there a pro rate exception since it was only 5 days into the year?
If somebody died on January 5th of 2016 and was age 72 do they still need to satisfy their 2016 RMD, or is there a pro rate exception since it was only 5 days into the year?
Permalink Submitted by Alan - IRA critic on Fri, 2016-03-11 19:07
The full 2016 RMD becomes the responsibility of the beneficiary, who has until 12/31/2016 to take the decedent’s RMD to the extent the decedent did not complete it. It will be reportable to the beneficiary and paid to the beneficiary.