Inherited IRA- IRD and QCD

Submitted by steve jackson on Fri, 2024-10-04 15:13

  1. Mother died in 2017 with IRA and was already over 70.5  and taking distributions. Daughter inherited, can daughter use her life expectancy to stretch or has to use new 10 year rule.
  2. Can Daughter make QCD with IRD distributions even though she is 65.

Thanks



Submitted by Alan - IRA critic on Fri, 2024-10-04 16:53

Daughter should have been taking life expectancy RMDs all along, and the 10 year rule only applies to deaths after 2019. For her, the only year for which inherited IRA RMDs were waived was 2020.
She cannot do a QCD from either the inherited IRA or her own IRA until she reaches 70.5.

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