I could use some guidance. My client died at the age of 99 on 1-20-2020.
His IRA was split between two of his children, both under the age of 72, not that that matters much anymore.
No distributions were made during the calendar year 2020 and 2021 from the inherited IRAs.
Normally, both would have to withdraw over a ten year period of time with withdrawal being made each and every year.
How do I deal with the fact that no distributions were made during 2020 and 2021 to either of the adult beneficiaries.
Do we start a new 10 year withdrawal policy beginning in 2022?
Or in the alternative, do we now have 8 year to reduce the account to zero?
Assuming both of my clients are 66 years old, do I use the single life table based upon the current age?

Any guidance would be appreciated.

Bob Maloney, napfabob, 603-968-2317