Bene IRA no more
I just inherited a client. She’s widowed.
Her previous broker put her husband’s IRA into an inherited IRA upon his death because she was < 59-1/2 and she's been taking RMDs based on her age despite her husband never having attained 70-1/2.
Now she’s 61 and we moved it to her IRA in April 2018.
Is she required to take a RMD for 2018 from the bene IRA before moving it to her IRA?
Permalink Submitted by Alan - IRA critic on Tue, 2018-04-17 16:53
No. In the year she elects to be treated as the owner she is deemed to have owned the IRA the entire year and therefore does not have a 2018 RMD.