RMD and son owns company
Individual is not a 5% owner but his son is. Do the attrition rules come into play here. Can individual defer his RMD or will attrition rule violate this option?
Individual is not a 5% owner but his son is. Do the attrition rules come into play here. Can individual defer his RMD or will attrition rule violate this option?
Permalink Submitted by Alan - IRA critic on Fri, 2017-01-27 00:29
The family attribution rules apply and the individual must start RMDs by the required beginning date which is 4/1 of the year following the year the individual reaches 70.5.