Should all RMDs from Inherited Trad. IRAs to a Non spouse Beneficiary be coded by Custodian as Death Distributions?
Not just year of death, but all future RMDs from Inherited Traditional IRAs to a Non spouse Beneficiary should be coded by Custodian as Death Distributions with a code 4 in Box 7 of IRS Form 1099-R, correct?
Permalink Submitted by Alan - IRA critic on Tue, 2016-12-06 17:00
Yes, all distributions to ANY type of beneficiary of employer retirement plans or IRAs are coded 4 regardless of when the distributions take place.
Permalink Submitted by Cheryl Van Beek on Tue, 2016-12-06 18:49
Thank you!