Post-SECURE, owner RMD due in year of death?
IRA Owner, 78, dies in January of 2021.
Beneficiary of IRA is Son, who does not qualify as as EDB. So, out-in-10 for him.
Is Owner’s 2021 RMD still due for this year? Is Son supposed to take it out in her stead, and then apply the remaining balance to his 10-year window?
Please and thanks
Permalink Submitted by Alan - IRA critic on Thu, 2021-03-18 21:53
Yes, the year of death RMD must still be distributed by 12/31/2021, but there are no other RMD requirements except that the account must be drained by 12/31/2031.