Inherited IRA RMD when trust is the beneficiary
IRA owner, already drawing annual distributions from the IRA, died in 2020 with a trust named as the beneficiary of the IRA. The trust has three beneficiaries. Am I correct that RMDs are required for 2023-2029, closing the account out by 2030 and the divisor is based upon the age of the oldest beneficiary?
Permalink Submitted by Alan - IRA critic on Fri, 2023-02-10 18:34
That is correct if the trust is qualified for look through. If not qualified then annual RMDs are based on the age of the IRA owner.