Beneficiary IRA

A non-spouse inherited an IRA in 2018 and is taking distributions under the 5 year rule. Are they able to change their mind and take the distributions over their life expectancy going forward?



They should be able to make up the 2019 life expectancy RMD and file a 5329 to request waiver of the 50% penalty. Then continue with LE RMDs starting in 2021. This is based on PLR 2008-11028.

Add new comment

Log in or register to post comments