Inherited IRA question
If a client has 2 inherited IRA accounts both in which came from the same person who passed away, can they just take the total RMD from one of the accounts rather then both?
Thanks!
If a client has 2 inherited IRA accounts both in which came from the same person who passed away, can they just take the total RMD from one of the accounts rather then both?
Thanks!
Permalink Submitted by Alan - IRA critic on Tue, 2020-02-11 20:34
Yes, as long as the decedent was the original owner of both the accounts AND the life expectancy RMD divisor applying to the client is the same for both.