First Year of RMD?
Decedent date of death was 10/2020 and was RMD age at that time ( 73 ). Spouse has decided not take the account as her own, but will inherit as a beneficiary account and retain the decedents RMD schedule. The assets are in a plan ( TSA ) and not an IRA. is the beneficiaries first RMD in 2021 or 2022.
thank you
Permalink Submitted by Alan - IRA critic on Thu, 2021-12-09 18:29
The first beneficiary RMD is due for 2021 using the 12/31/2020 balance, but the would be lower if the surviving spouse rolled over the inherited TSA to their own IRA unless the surviving spouse is older than 86 this year, the approximate equalization year for owner IRA v beneficiary plan RMDs. In fact, if the surviving spouse did not yet reach 72 in 2021, there would be no RMD until they reach 72 with a spousal rollover. But if under 59.5 it should be left as inherited in order to take distributions without penalty.