IRS Notice 2022-53 (RMD waiver?)
Do Inherited IRA Owner’s established post secure act that have annual RMDs need to take an RMD for ’21 and ’22 (as applicable) even though the penalty has been waived? Or has the RMD requirement and the penalty been waived?
Hearing and reading opinions in both directions.
Permalink Submitted by Alan - IRA critic on Thu, 2022-10-20 17:34
The Notice did not indicate whether these 2 RMDs are permanently waived, or just deferred until the final Regs are released. It could go either way. Even if waived, the entire balance must be distributed within 10 years. Many beneficiaries may want to take these RMDs or more to prevent a large taxable distribution in year 10.