RMD in year of death
Bill died in August of 2021 at the age of 76 and his wife, Sue is going to take over his IRA. Sue is 62 so she is not required to take RMD’s. Does she need to take Bill’s RMD for this year since bill was alive earlier in the year, but did not take his RMD before he died? Thanks
Permalink Submitted by Alan - IRA critic on Fri, 2021-09-17 17:19
Yes, she needs to complete his 2021 RMD. Since she will not owe a penalty if she takes it after assuming ownership due to being over 59.5, she can either take the RMD from the inherited IRA before assuming ownership or could assume ownership and then distribute his 2021 RMD from her owned IRA.