RMD for individual who died on 12/29
Client died on 12/29/2022 after fully satisfying the RMD for 2022. Processing of the deceased individual’s account to the beneficiaries didn’t occur until 2023. Is there a 2023 RMD required for the decedent? I suspect now, but better safe than sorry. Thanks.
Permalink Submitted by Alan - IRA critic on Mon, 2023-02-20 22:04
There is no 2023 decedent’s RMD, and decedent completed the 2022 RMD. There may be 2023 beneficiary RMDs due by 12/31/2023 depending on the age of client at death and the type of beneficiary (EDB or 10 year rule beneficiary). Is this an IRA or employer plan?