Bene IRA 10 yr Rule
Hello. I heard the rules are changing next year for Bene. IRA 10 yr rule, in that the beneficiary has to take some amount out each year. Is that true? Thank You!
Hello. I heard the rules are changing next year for Bene. IRA 10 yr rule, in that the beneficiary has to take some amount out each year. Is that true? Thank You!
Permalink Submitted by Alan - IRA critic on Thu, 2022-10-20 16:08
The IRS proposed Regs would require a 10 year rule beneficiary of an owner that passed on or after their RBD to take annual LE RMDs. But these Regs are not yet final. If owner passed prior to RBD, no annual RMDs are required for 10 year rule beneficiaries. Some beneficiaries will be EDBs and not subject to the 10 year rule. Those beneficiaries will have to take annual LE RMDs.