Year of Death RMD
I have a situation where a father passed away and was taking RMD’s prior to his death, but not in the year of death. He had 5 children in which one passed away a month after the father did. If I roll over the 4 remaining siblings to beneficiary IRA’s and then take the distribution for the deceased beneficiaries’ estate, does that withdrawal (Assuming it covers RMD) for the deceased child satisfy the fathers YOD RMD?
Permalink Submitted by Alan - IRA critic on Mon, 2021-12-27 21:02
Yes, it will. The year of death RMD can be completed by “any beneficiary”, which includes the estate of a beneficiary. The others are not required to participate in any combination.