Inherited IRA RMD error correction
Can an RMD that was paid to one beneficiary after death be re-deposited and distributed to all 3 beneficiaries and have a 1099R correction issued after the end of the calendar year?
Can an RMD that was paid to one beneficiary after death be re-deposited and distributed to all 3 beneficiaries and have a 1099R correction issued after the end of the calendar year?
Permalink Submitted by Alan - IRA critic on Fri, 2018-03-23 04:06
No, a distribution made from a non spouse inherited IRA cannot be rolled over. It could only be re issued if the custodian paid the amount to a beneficiary not entitled to the distribution and that is very rare. If the beneficiary who received more than they wanted, they can always pay the tax and gift the tax adjusted amount to the beneficiary who they want to receive the money. Sounds like your question must relate to the decedent’s year of death RMD?