2021 RMD Inquiry

Hello, if a client passed away on 12/30/2020 (81 years old). Because the client passed in 2020, Can we confirm if they have to take 2021 RMD? The account had a 12/31/2020 and has not been divided up to the beneficiaries yet. Thank you.



The 2021 RMD will be beneficiary RMDs for eligible designated beneficiaries (EDBs). Non eligible individual beneficiaries fall under the 10 year rule and will have no 2021-2029 RMDs but will have to drain their accounts by 12/31/2030. Sounds like there are no spousal beneficiaries here. There is no year of death RMD to be concerned with because all 2020 RMDs were waived.

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