Grandchild minor beneficiary RMD before RBD
I am still confused after final ruling if grandchild has to take an RMD during the 10-year period. Grandfather died age 65 and grandchild is 2. My understanding from Ed Slott final ruling training is that no RMD is required, but all to be removed by year 10. IRS language has me thinking RMD is required. Required minimum distributions for IRA beneficiaries | Internal Revenue Service
Any clarification is appreciated.
Permalink Submitted by Marcia Miller on Wed, 2024-12-04 15:13
Good info, thank you!!