Distribution rules for an IRA in a conduit trust
IRA Discussion Forum
I recently connected with my advisor at Fidelity where the various trust accounts are held. Given the various changes around RMD, they wanted to reconfirm whether I qualify for 10 yr or 5 yr liquidation (assumption has been 10 yr). They also believe under the revised rules that we will need to take a RMD this year, which they wanted to discuss with you all to confirm and then calculate.
Permalink Submitted by Alan - IRA critic on Mon, 2024-02-05 17:24
Was the trust named as the IRA beneficiary? When was the DOD and had the decedent passed their RBD? Is the trust qualified for look through?