Spousal Beneficiary
I’m sure I have been asked this questions countless times – For some unknown reason I am experiencing brain fog
T-IRA owner, 82, died in December 2021 – He took his 2021 RMD prior to his passing
Surviving spouse, 81 100% primary beneficiary
Surviving spouse transferred his IRA assets to her T-IRA. However the transfer of assets occurred in 2022 – therefore his IRA had a 12/31/21 value
Is a 2022 RMD due on the (now deceased husband’s) IRA based off the 12/31/2021 account value?
Does the wife include the balance in determining her 2022 RMD? or
What am I missing?
All guidance is welcomed
Permalink Submitted by Alan - IRA critic on Tue, 2022-01-18 23:48
With the spousal rollover, she is treated as owning the inherited IRA for the entire year of 2022. Therefore, she must use the 12/31/2021 inherited IRA value to determine her 2022 RMD using the new Uniform Table. Her RMD will be much lower as the owner than as a beneficiary. If she already had her own IRA, the two could be combined by direct transfer, and the combined 12/31/2021 balance used to calculate the 2022 RMD.